For the 11th year, Sen. Bert Stedman will co-chair the state Senate Finance Committee. He spoke with CoastAlaska's Angela Denning about the PFD and the Alaska Marine Highway.
Senator Bert Stedman, R-Sitka, speaks to on the Senate floor on July 8, 2019, in Juneau, Alaska.
For almost 20 years, Sen. Bert Stedman has represented much of Southeast Alaska in the state Legislature. District A includes the communities of Ketchikan, Wrangell, Petersburg and Sitka, and several smaller towns in between. The next legislative session begins Tuesday. For the 11th year, Stedman will co-chair the Senate Finance Committee. He’ll oversee efforts to create a multi-billion dollar operating budget.
There is a lot on the table. One recurring issue is the Alaska Permanent Fund. Stedman told CoastAlaska’s Angela Denning that the state needs to balance its longterm fiscal health against its ability to pay large Permanent Fund dividends.It’s not the individual dividend that creates the problem. It’s when you combine everybody’s dividend together. We don’t have the cash.
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