1-3 4-6 7-9 10-12 13-15 16-17 Appendix A  Appendix B   Appendix C 

Page 1 of 16Commonwealth North

Permanent Fund Earnings -- Phase II A Cornerstone for Fiscal Certainty

1999 PERMANENT FUND STUDY GROUP

Gordon Parker, vice president, ATU Telecommunications Jo-Li Sellin, vice president, National Bank of Alaska Shelby Stastny, chief financial officer, NANA Development Corp. Mead Treadwell, managing director, Institute of the North Tim Wiepking, operations manager, Allcom Tom Williams, Alaska tax counsel, BP Exploration (Alaska), Inc. Thomas Wilson II, director of administration, Hughes Thorsness Powell Huddleston & Bauman George Wuerch, Assembly chair, Municipality of Anchorage

Duane Heyman, executive director, Commonwealth North

Permanent Fund Earnings Phase II -- A Cornerstone for Fiscal CertaintyMay 1999

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			Page 2 of 16Commonwealth North
								Permanent Fund Earnings -- Phase II A Cornerstone for Fiscal Certainty
												TABLE OF CONTENTS
																																1
		Table of contents																														2
																																3
		Introduction																														5
		The study																														7
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																																9
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		Community Dividend Program																													11
		Statewide capital needs																													12
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																															14 15 16
				Permanent Fund Earnings Phase II -- A Cornerstone for Fiscal Certainty May 1999

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Page 3 of 16Commonwealth North

Permanent Fund Earnings -- Phase II A Cornerstone for Fiscal Certainty

SUMMARY OF PROPOSALS AND RECOMMENDATIONS

1.

Other fiscal tools that need to be employed are: enhancing the returns on other state owned assets, use of the Constitutional Budget Reserve (CBR), use of untapped bonding capacity for capital projects, an income or a sales tax, and more direct user fees for services.

2.

3.

Permanent Fund Earnings Phase II -- A Cornerstone for Fiscal Certainty May 1999