Jay Hammond ‘father,’ defender of PFD

Hotly debated currently is the propriety of placing a cap on Alaska’s Permanent Fund Dividend. Most Alaskans recently deposited their $1100 check. Without the slice Gov. Bill Walker took to help offset the budget deficit with which he is faced, the check would have been twice as much. Generally considered the “father” of the dividend was Jay Hammond, governor of the 49th State at the time the measure was enacted. This writer has met all of Alaska’s governors since Bill Egan. Not to brag—it was just part of the job he held. They all meant well and some were more popular or more successful than others. Jay Hammond happens to be one of my favorites.

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Constitutional Protections for your PFD

Some newer Alaskans may not understand why they will be receiving a check from the Permanent Fund after only one year of living here. They might wonder why the government is handing out money instead of forcibly taking it with an income tax. For the benefit of new and old Alaskans, let’s look at the evolution of this bounty distributed annually to those who have lived here at least one year.

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