Alaska Permanent Fund Advisory Question (1999)
The Alaska Permanent Fund Advisory Question was on the September 17, 1999 ballot in Alaska as an advisory question, where it was defeated. The measure would have advised the state government that voters want to use a portion of the Alaska Permanent Fund to balance the state budget. Voters, in voting overwhelmingly against the question, advised the government that they did not.
|Alaska Permanent Fund Advisory Question (1999)|
Election results via: Alaska Department of Elections
Text of measure
The language appeared on the ballot as:
Preamble: The people of Alaska created the Alaska Permanent Fund to save a portion of Alaska's petroleum revenue for the future. After investing those savings, the original intent and purpose was to use the earnings from those investments when Alaska's petroleum revenues declined. Petroleum revenues have now declined substantially and are forecast to continue to decline. Our reliance upon declining oil production and volatile oil prices constitutes an unsustainable state budget system. The governor and state legislature seek the public's judgment regarding a stable and sustainable long-term balanced budget plan.
Balanced Budget Plan: This will preserve the permanent fund dividend, inflation-proof the permanent fund, support public services, and establish a Citizens' Balanced Budget Task Force.
The Balanced Budget Plan will:
Question: After paying annual dividends to residents and inflation-proofing the permanent fund, should a portion of permanent fund investment earnings be used to help balance the state budget?
- Alaska Department of Elections, "1999 Official Election Pamphlet: Ballot Measures," accessed February 5, 2015
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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