JUNEAU — The Alaska Permanent Fund will start the next fiscal year on July 1 facing a $600 million shortfall.
Investment earnings over the next year should bridge that fiscal gap. But a “doomsday scenario” would see poor investment returns, meaning fund managers may then be unable to meet“We don’t want to be alarmist,” he said, adding, “there’s a lot of opportunity to make adjustments to eliminate this perceived cliff.”is split between two accounts. Just under $70 billion is in the constitutionally protected corpus, which is considered unspendable.
Supporters say that would avoid the need for annual inflation proofing and that a single fund would better allow corporation staff to invest for the long term.
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