As a former state senator during the creation of the Permanent Fund dividend, I am writing to enthusiastically support the op-ed from Rep. Adam Wool from Fairbanks on June 10 titled, “Where’s the crisis?” Rep. Wool wrote an excellent column providing a good background for understanding why the PFD should be based on oil revenues instead of Permanent Fund earnings. Rep Wool states in his column “My bill, House Bill 132, uses annual oil revenue earnings for calculating the PFD check.”
In my opinion, this is a wise solution to the PFD dilemma and will avoid future drama over the amount of the PFD. I hope many voters can see that although a large PFD would be nice, it does way too much damage to many critical services.
— Terry Stimson
Anchorage
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