RE: Tax rebates5 May 2018 00:20
All very interesting as SoA faces as many choices as all others. The state runs a 'unique' dividend scheme returning very significant payments from some of the oil revenues to residents. The Alaska Permanent Fund currently stands at approx $64.6B. The state can act to borrow to support oil activity through borrowing; however, resources are already there to 'reinvest' in the source of income of the Fund if required. I'm sure it will have been 'ringfenced' etc but money is already there to ensure SoA continuing extraordinary income. Golden goose laying and all that. aimho. VGLA