Senate Majority Bipartisan Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

 

 

January 22, 2026

 

 

Dear friends and neighbors,

 

We have a lot on the Legislative plate.

 

If you are reading this before 9 AM on Jan.22, you could sign onto Alaska State Legislature (chose "live now") to listen to the Joint Session (House and Senate meeting) in which we vote on the question to override the Governor's veto of SB 113. This bill would require corporations who sell products on the internet, but are located out of state, to pay a corporate tax to Alaska. These corporations pay a corporate tax in about half of the other states. It doesn't tax Alaskans. It would generate an estimated $25-35 million in state revenue.

 

Another topic is the veto of transportation funding. The Governor vetoed $70 million for the Transportation budget that would have brought in $700 million in Federal funds. This is because the Federal government matches Alaska transportation funding with a 90% Federal to 10% state funding match. Alaska is one of two states with this level of match. Other state are 80/20.

Because these funds were vetoed last June, road construction couldn't happen. Contractors who build the roads had minimal work. If the funds are not restored in the next couple months, another construction season will be lost and many contractors would likely have to go out of business.

The Legislature is working to get the funds appropriated and back before the Governor as soon as possible.

 

New to us comes the Rural Health Tranformation Project. Alaska received the largest Federal grant, per capita. The $272 million is available to spend over the next 5 years. A piece of this has to be spent this year. The Dept of Health is scrampling to execute projects but doesn't have complete information from the Feds yet. A very large number of out-of-state companies have descended on our state, wanting to "help" us spend the money. A big question: Will we be able to sustain whatever projects are put in place? We have to be able to keep paying the bills for the programs after the Federal money runs out.

 

Lastly, and required by the Constitution, we have to pass a balanced budget. At the moment, the Governor's proposed budget has a deficit of $1.5 Billion.

 

We will also be addressing the fiscal plan that the Governor is proposing. No legislation has come from the Governor yet but the elements being proposed were listed in a blog piece (Scoop: Gov. Dunleavy’s mystery fiscal plan revealed, statewide sales tax key component. The Alaska Landmine). A seasonal sales tax will be reviewed though many legislators are not fans. Interesting - the Governor is proposing a huge reduction in Corporate Income Tax at the same time. There is a tweak to oil tax and a new tax on Alyeska pipeline. You can see the expected numbers in the blog piece cited above.

 

Here's press coverage of the above topics:

Legislative session begins with planned vote on overriding Dunleavy veto of revenue bill. Anchorage daily news

Alaska legislators convene session, with budget issues and a veto override vote awaiting. Alaska Beacon

Opinion: Legislators have 5 days to clock an easy win. ADN

“The governor is proposing that we give up

The Legislature in May broke a 15-year dry spell in veto overrides by successfully reversing Dunleavy’s veto of an education funding bill. Three months later, the Legislature — controlled by bipartisan coalitions in the House and Senate — twice more overrode Dunleavy’s vetoes. Now, legislative leaders say they are prepared to do it again with a revenue bill that could increase the state’s receipts by between $25 million and $65 million annually.

 

Alaska Legislature to convene session on Tuesday, with an eye toward making up for governor's vetoes. ADN

Senate Majority Leader Cathy Giessel, an Anchorage Republican, called the transportation funding “a hugely serious issue for the long-term future of Alaska.”

“It is true that Alaska businesses will fail if we don’t get that funded for the next year of construction,” said Giessel. Stedman called the potential funding deficit “an issue of pure lunacy” and pinned responsibility for addressing it on Dunleavy.

 

Alaska’s Senate Majority starts legislative session concerned for tight budget. Alaska News Source

 

Lawmakers return to Juneau with four months to address a packed agenda. Alaska Public Media

 

Alaska Lawmakers focus on healthcare, budget, energy as 2026 session begins. Your Alaska Link

Senator Cathy Giessel emphasized the need to address rising healthcare expenses, noting that federal funding could help reshape the system and reduce costs for families. “I’m hoping that we get some details on that, that we can refine it, and really move healthcare forward. It’s a significant cost for families and individuals, and Alaskans are really hurting. We need to get those healthcare costs down,” Giessel said.

 

Scoop: Gov. Dunleavy’s mystery fiscal plan revealed, statewide sales tax key component. The Alaska Landmine

 

Items in this Newsletter:

·     My Office Staff Introductions

·     Upcoming Catch Up With Cathy Events

·     Visiting the Alaska State Capitol

·     Alaska Revenue Commissioner Invest $50M

·     New Lawsuit Regarding Public Education in Alaska

·     Current Topics, Stuff I Found Interesting, Arctic Issues, Economy, Education, Politics, Healthcare

·     Alaska History in January

·     Resource Values, Permanent Fund

 

 

 

 

My Office Staff 2026

 

 

Samantha Freeborn, Office Manager

 

Originally from Iowa, Samantha relocated to Alaska in 2011. She has 12 years of experience working in the veterinary industry and recently earned her bachelor’s degree in business administration with a concentration in Human Resource Management. She is eager to deepen her understanding of the legislative process and is committed to serving the people of Alaska with integrity and dedication.

 

Samantha resides in Anchorage with her husband, and son. In her free time, she enjoys reading, fishing, and biking with her dogs. 

 

 

Jane Conway, Chief of Staff

 

Jane Conway hails from the Kenai Peninsula and is my Chief of Staff. She has been with me for 10 years and carries my healthcare-related legislation.

 

A Minnesota native, Jane adventured to Alaska in 1990 on the very common “5-year plan” and never returned to the Lower 48. She lived in Homer for 15 years, then Anchorage for 5, and now lives in Soldotna where she helps run a sheep and chicken farm on a pre-statehood homestead just outside of town.

 

Prior to the Alaska Legislature, Jane received her B.S degree in Social Work and worked as a counselor in a residential treatment center for troubled youth and then worked for the HeadStart program as a teacher and home-visitor. From there she migrated to Homer where she was the advertising director for the Homer News from 1992-2001. Following that she began her career in the Legislature, with a 2-year stint as the Kenai Peninsula Regional Director for Senator Lisa Murkowski from 2020-2022.

 

Paige Brown, Legislation Aide

 

Paige has worked for my office for the last 3 years, and previously worked at Alyeska Resort in Girdwood, Alaska.

 

Paige was born and raised in Anchorage, Alaska. She was in the Russian Immersion Program K-12, and graduated from West Anchorage High School with a Seal of Biliteracy in 2020. She is currently in the Project Management Management program at UAA. In her free time she enjoys snowboarding, hiking, fishing, and making sourdough bread.

 

 

IntiMayo Harbison, Resource & Arctic Affairs Committee Aide

 

IntiMayo (Inti) Harbison is a lifelong Alaskan who has served as my Senate Resources Committee Aide and Senate Arctic Affairs Committee Aide in the Alaska State Legislature for the last year.

 

Born in Homer Alaska to two teachers, he spent the early part of his life on Lake Iliamna in the village of Kokhanok, before moving to the Kenai Peninsula. Growing up in the Central Kenai Peninsula, Inti graduated from Soldotna High School before attending the University of Alaska where he received a B.A. in International Relations and Political Science.

 

Inti now lives in Anchorage with his wife and daughter where they enjoy skiing, biking, hiking, and exploring the outdoors.

 

Most recently Inti was the State Director for Representative Mary Sattler Peltola. Previously in the Alaska Legislature he has worked for Senator Joshua Revak as Senate Resources Committee Aide, Senator Natasha von Imhof as Senate Finance Committee Aide, and as Staff to the late Representative Gary Knopp. 

 

Ben Goltz, College Intern

 

Ben is studying economics and earth science as a junior at Dartmouth College. Born and raised in Anchorage, he grew up skiing, hiking, and fishing around Southcentral. He is a graduate of West High School in Anchorage.

 

Ben is particularly interested in Senator Giessel’s work on the Senate Resources Committee.

 

Following graduation, he hopes to return to Alaska full-time to pursue a career in natural resource economics. 

 

 

Catch up with Cathy

 

These are informal coffee conversations in which the folks that attend determine the topics of interest and concerns.

 

I will be setting the date for these community meetings and have the dates for you in next week's newsletter.

 

 

Come visit the Alaska State Capitol!

 

 

 

Alaska Revenue Commissioner Invests $50 million

 

State unloads Adam Crum's $50 million gamble at an $800,000 loss. Reporting from Alaska

 

Gov. Dunleavy working with DigitalBridge to build data centers in Alaska. The Alaska Current

Controversial CBR investment may be part of Dunleavy's tax pipeline plan and Trump's Stargate AI Project

(My comment: This is serious. While legislators are shocked, citizens should be outraged.)



Investment by former Alaska revenue commissioner raises ‘significant’ concern about whether he met fiduciary duties, report finds - Alaska News Source

A report by a national law firm hired by the Dunleavy administration has found that former Alaska Revenue Commissioner Adam Crum’s decision to invest tens of millions of dollars from the state’s primary rainy day account into a private equity fund raises “significant concerns about whether he met his statutory fiduciary duties.”

 

 

 

 

Current Topics

Anchorage Superior Court hands win to breweries, saying they can now host live entertainment regularly. ADN

 

Anchorage judge overturns state law limiting live music at breweries and distilleries. Alaska Beacon

An Anchorage Superior Court judge on Wednesday ruled against a portion of a state law that had strictly limited entertainment options for Alaska breweries.

 

A trip to Juneau can be a civic opportunity and a tourist's treat. ADN

(My comment: Its true! Visiting Juneau is a great learning experience. I wish more of our school kids could come on trips here, as they do in the Lower 48. Homeschoolers could learn a lot!)

 

Alaska DOT releases environmental assessment on proposed 4-lane Safer Seward Highway project. ADN

Draft plans for the project, intended to reduce fatal crashes along a 20-mile stretch between Anchorage and Girdwood, show widening the highway to four lanes is preferred. After reviewing a report with the possible environmental impacts, some residents say the proposed design would turn the scenic byway into a perpetual construction zone and degrade public access to Chugach State Park.

 

Opinion: Alaska can’t afford to walk away from transportation funding ADN

 

 

Things That I Found Interesting

Opinion: Social work shouldn't be a loyalty test. ADN

Diversity is not a buzzword here. The U.S. census estimates that 15.5% of Alaskans identify as American Indian or Alaska Native alone. We also serve rural villages, military families, immigrants and multi-ethnic households. “One-size-fits-all” practices fail in a state this complex.

Equity doesn’t mean that everyone’s experience is the same. It is the observation that Alaskans do not start from the same ground. Travel, housing, language access, disability accommodations, broadband and the realities of village life shape what “help” even means. Ignoring those conditions would be negligent. Inclusion is about whether people feel safe enough to tell the truth in a clinic, a school, a tribal office, a shelter or a hospital. If a client expects judgment or dismissal, they will withhold what matters and services collapse into paperwork.

 

5 things to know about Alaska Airline’s new Atmos Rewards program. Alaska Public Media

There are many changes coming to Alaska Airlines in 2026. The company’s loyalty program was rebranded to Atmos Rewards last August, but the change brings more than a new name. The airline is adding Starlink internet to their entire fleet, and soon, passengers will pick how they accrue mileage points. We talked about the program with Scott McMurren of the Alaska Travelgram. Here are five things to know.

 

Organic, Vegetarian or Carnivore: Whatever you eat, my lab is working to keep it safe. NIST

The levels of contaminants in our food supply are, generally, decreasing. That’s the good news. But we still need to measure those contaminants and make sure our food is safe. And measuring tiny things (and big things) is what we do best here at NIST. 

 

DNA tests reveal mysterious beluga family trees. EurekAlert!

Belugas are even harder to study than most whales: it’s difficult to observe a species that vanishes under the Arctic ice. But now DNA analysis has given scientists a precious glimpse into the social life of a beluga population living in Bristol Bay, Alaska. They found that males and females mate with many different partners over the years, which could be keeping this small, isolated population genetically viable. 

 

 

Arctic

European troops arrive in Greenland as talks with US highlight 'disagreement' over island's future. ADN

Denmark announced it would increase its military presence in Greenland on Wednesday as foreign ministers from Denmark and Greenland were preparing to meet with White House representatives in Washington. Several European partners — including France, Germany, the U.K., Norway, Sweden and the Netherlands — started sending symbolic numbers of troops already on Wednesday or promised to do so in the following days.

 

The U.S. Arctic is "woefully unprepared," Murkowski says. ADN

As White House rhetoric escalates about taking Greenland by force or purchase, Alaska U.S. Sen. Lisa Murkowski suggests attention should focus more on the existing U.S. Arctic, where “we are woefully unprepared.”

Murkowski spoke with Arctic Today in Copenhagen as she traveled with an expanded bipartisan congressional delegation to reassure Danish and Greenlandic officials and business leaders that they’ll prevent Trump from taking hostile action against the Arctic nation.

 

How restoring kelp forests in the Arctic boosts marine life. DW

 

How many military bases are there in the Arctic? Here are the facts. CBC News

The military buildup at the top of the world began in the Second World War, and then receded as the Cold War came to and end. But in the past ten years, with climate change accelerating and Russia waging war in Europe, the Arctic has been re-militarizing.

 

Yukon earthquake reveals a fault line hidden beneath glaciers. CBC News

“What’s really unique about the southwestern corner of the Yukon is that two of the most massive plate boundary systems on Earth intersect at almost a right angle,” said West. “We have a limited understanding of how that works. Some people refer to this area as the 'train wreck of plate tectonics.'” 

 

 

Economy

Boomers are staying in the job market as Gen Z struggles to break through. ADN

The average new hire was 42 years old in 2025, according to a Revelio analysis released Jan. 6, versus 40.5 in 2022 and 4o in 2016.

 

Wall Street bets on Washington policy plays. Axios

Investors usually expect companies to focus solely on increasing shareholder value. Now, companies are increasingly seeking an additional goal: pleasing the White House. Policies from Washington are Wall Street's new buy signal. The Trump administration is funding its ambitions through deals with corporations rather than through the legislative process.

 

Opinion: Repealing an outdated state statute could help grow Anchorage's revenues. ADN

When Alaska became a state in 1959, we had a personal income tax that had been enacted by the Territorial Legislature in 1949, and it remained in effect. In 1961 Alaska enacted AS 43.20.290, which simply says, “No tax may be levied and collected upon the net income of resident or nonresident individuals by a general law city or by a home rule city or any other political subdivision of the state.”

In other words, it prohibits local governments from imposing a personal income tax. The intent was to keep income tax as a state-exclusive domain and not empower local governments to adopt their own versions.

 

Fortune's most-admired companies Axios

The top 10, according to a poll of 3,000+ executives, directors and analysts.

 

Opinion: Anchorage's futures lies in thinking North ADN

 

 

Education

Mat-Su school bus workers vote to OK strike if contract talks collapse. ADN

Members of a union representing Matanuska-Susitna Borough school bus workers have voted to authorize a strike if contract negotiations are not finalized by early next month. The near-unanimous vote came earlier this week in response to bus maintenance concerns — including tire chains and safety inspections — and gaps in new driver training, according to officials with Teamsters Local 959, which represents the bus staff.

 

Lawmakers eye continued education funding wins for 2026 session as Dunleavy drops policy push. Alaska Beacon

Sen. Löki Tobin, D-Anchorage, and chair of the Senate Education Committee, said it is still unclear whether lawmakers will again take action this year to increase education funding through the base student allocation. Tobin also co-chairs the special task force on education funding created this year. 

 

An early look at Alaska education bills for 2026: homeschool testing, curriculums, student safety. Alaska Beacon

House Bill 248, sponsored by Rep. Alyse Galvin, I-Anchorage, would require all school districts’ homeschool programs to maintain a testing participation rate that meets or exceeds neighborhood schools’ participation rates — that’s the number of students completing statewide academic testing. If the district fails to do so, the state will withhold funding from homeschool programs until they comply.

 

 

Energy

Donlin Gold becomes latest potential gasline customer. KDLL

 

Donlin Gold expects 2027 final decision on proposed mine and multibillion-dollar gas pipeline. Alaska Beacon

Developers are proposing a contract-carrier gas line, a change from the usual practice in Alaska. Here, pipelines — including the trans-Alaska oil pipeline — have tended to be common carriers, with shippers able to buy capacity as needed. A contract carrier sells long-term deals for reserved capacity in a pipeline, regardless of whether or not that space is used. Though lawmakers have approved rules to govern contract carrier gas pipelines, which would reserve space for long-term use, the state’s regulators haven’t adopted those regulations yet.

 

The AI power boom compared to history. Axios

This might be our first AI race, but it's not America's first power boom.

 

Hilcorp affiliate applies with federal regulators to bring LNG imports to Alaska. ADN

Harvest Midstream, a Hilcorp affiliate, acquired the Kenai LNG facility and Trans-Foreland from its previous owner, Marathon Petroleum, last year. The federal agency had originally authorized Trans-Foreland to build an import facility in 2020. The new filing seeks to expand those plans.

 

Nuclear energy, reconsidered: What's changed, and why it matters for Alaska. Alaska Beacon

 

 

Politics

Ballot group submits signatures to tweak Alaska's noncitizen voting ban. ADN

Existing law states, “A person may vote at any election who is a citizen of the United States.” The petition, sponsored by an Outside billionaire who has donated to a slate of conservative causes, seeks to amend the statute to read, “Only a person who is a citizen of the United States … may vote at any election.”

(My comment: With all respect to the 3 former legislators who are the sponsors of this – this is silly. The law is present. Its being enforced, as evidenced by the situation in my district, in Whittier, where some American Samoan folks were misled by poll workers to believe they had full citizenship. This ballot measure probably lays the groundwork for something else, yet unknown.)

 

Alaska lawmakers prefile 41 measures ahead of legislative session. ADN

A bill from Anchorage independent Rep. Alyse Galvin seeks to require correspondence students — homeschoolers who receive money from the state — to participate in statewide testing at rates equivalent to those among traditional public school students. A bill from Anchorage Democratic Rep. Andrew Gray would allow the state to use vaccine recommendations for children from the American Academy of Pediatrics.

 

Why the "Sell America" trade is not as bad as it sounds. Axios

The "Sell America" trade is in focus after President Trump has threatened to take over Greenland, leading to declines in the U.S. dollar, bonds and stocks. The trade isn't being talked about because investors are so worried about that threat or because they think the American economy is crashing. It's because they think they can make more money abroad.

 

1 big thing: Living history - and the future axios

DAVOS, Switzerland — In a 24-hour span in the Swiss Alps, we're witnessing what future historians might mark as a hinge moment: The people building civilization-altering AI, a prime minister declaring America's global order dead, and an expansionist, defiant American president all sharing the same tense global stage.

 

Trump says people will 'find out' how far he’s willing to go to acquire Greenland Alaska Beacon

Trump’s insistence that the United States gain control of the Arctic island from Denmark came just hours before he was set to travel to Davos, Switzerland, to meet with other world leaders at the World Economic Forum.

 

Opinion: what voles in the snow can teach us about fear, power and Ice encounters in Minneapolis ADN

 

Opinion: Empire building or energy security? Trump’s Greenland fixation misses what Alaska has to offer. AND

 

 

Health Care

HHS abruptly cancels then restores mental health, addiction grants, officials say. ADN

One day after slashing hundreds of millions in federal grants that supported mental health and addiction care, the Trump administration is backtracking and plans to restore the funds, according to two officials with knowledge of the decision.

The reversal came after intense backlash to the nearly $2 billion in cuts by the Substance Abuse and Mental Health Services Administration, or SAMHSA, which sent termination letters to hundreds of nonprofits on Tuesday night. The letters said their grants had been cut because their programs “no longer effectuate” the agency’s priorities but did not explain how, according to recipients.

 

Initial Obamacare enrollment drops by more than 3,000 Alaskans after subsidies lapse. ADN

The drop comes amid the expiration of enhanced premium tax credits, which were implemented in 2022 to reduce the cost of health insurance purchased on the federal exchange. For many Alaskans who relied on the subsidies, their elimination meant a doubling or tripling in the cost of premiums.

 

At rural health convention, Outside companies rush to claim a share of Alaska's funding. ADN

Ultimately, the impact of the Rural Health Transformation Program could be curtailed by limits on the use of the money. For example, the funding cannot be used to build new facilities, despite the fact that in some rural communities, new hospitals or clinics are among the most pressing needs. It also cannot be used to pay for the state’s Medicaid program, which serves one in three Alaskans, and an even higher share when counting the state’s most rural population. The funding cannot be used to pay for broadband internet access, even where its lack means many of the technologies discussed would be unusable. And the funding must be obligated by the end of each yearlong funding cycle or else the federal government could claw it back. 

 

 

Alaska History

·     1921 Jan 24 - Alaska's first pulp mill opened in Juneau

·     1925, Jan 27 - first dog team left Nenana with serum for Nome for deadly diphtheria outbreak (serum arrived in Nome 6 days later)

·     1971, Jan 23 - Coldest recorded temperature (-80 F) at Prospect Creek Camp

·     1989, Jan 31 - record North American high pressure of 31.85 inches of mercury in Northway, Alaska

·     2025, Jan 22 - First Sunrise in Utqiagvik (after 65 days of no sun)

 

 

Alaska Resource Values

 

Alaska North Slope crude oil price (1/16/26): $64.18

The Dept of Revenue Tax Division previously updated the ANS price every evening after 5 PM.

They have stopped doing that. The above price is a week old, as you can see.

FY26 budget (beginning 7/1/25) is fully funded at

$64/barrel of oil.



History of prices:

12/17/25: $60.06

9/2024: $63.63

9/30/23: $87.99

9/30/22: $86.91

6/29/22: $116.84

3/08/22: $125.44

12/22/21: $75.55

March 2020: $12.29

7/3/2008: $144.00

ANS production (1/20/26): 468,611 bpd


Crude oil's retreat. Axios

Oil traders, who, between Iran and Venezuela, have been gripped by the geopolitical risks to the market since the start of the year, can exhale, for the moment at least, and again focus on assessing supply and demand.

 

Bonus: Data centers add to copper demand stress. Axios

The Amazon-Rio Tinto deal comes as overall copper demand is rising, and growth of data centers could worsen what's already a looming shortfall in decades ahead, a recent S&P Global report found.

 

Gas storage customers. Petroleum News

Chugach Electric already stores gas in the Cook Inlet Natural Gas Storage Alaska facility on the Kenai Peninsula. As well as increasing the flexibility of gas storage capacity, access to the Hilcorp gas storage facility will improve the reliability of gas supplies should there be some unforeseen interruption in supplies from gas sources such as the Beluga field or from CINGSA.

(My comment – Stored gas is good. Its like charging your phone or spare battery; it will be available when needed. I’ve had some folks alarmed to hear that gas was being stored. They thought it meant that it was not being used. Not true. The gas that is not needed right now is being put into storage to use when demand exceeds what can be produced during a really cold spell.)

 

AOGCC drops $100k Hilcorp fine to $30k. Petroleum News

The commission notified Hilcorp on July 31 of a proposed enforcement action for an unauthorized change the company made to the casing used in Granite Point State 17586 011, a development well Hilcorp drilled in June using 9-5/8 inch 40 pound secondary surface casing, rather than the 9-5/8 inch 47 pound casing in the drilling permit, "a lighter casing with a larger internal diameter and lower burst resistance, than what was permitted," the commission said July 31.

(My comment – Hilcorp has received several fines from the Conservation Commission. AOGCC is a state entity charge with making sure that companies are not wasting our resources, and they are producing them in a safe manner for the employees and environment. Hilcorp has a long history of ignoring Alaska laws, sometimes resulting in serious injury to employees, wasted resource, and damaged land.)

 

DNR premiers comprehensive CCUS hub. Petroleum News

The Alaska Department of Natural Resources said Dec. 30 that it has launched the Alaska CCUS Hub, https://alaska-ccus-hub-soa-dnr.hub.arcgis.com/, to provide "a centralized, user-friendly platform that brings together decades of geological, technical and regulatory data from across the entire state to inform carbon capture, utilization and storage (CCUS) opportunities.

(My comment – You may remember that the Legislature put priority on passing laws to allow carbon storage in Alaska. Governor Dunleavy assured us that it would mean huge revenue. I’m glad they now have the resource documents available for customers to see; I wonder how much interest there will be from companies willing to ship their carbon to Alaska.)

 

Oil can hit $91 a barrel in late 2026 on Iran disruption. Bloomberg NEF

The protests in Iran have heightened the risks of political instability and potential US military intervention. Any disruption to Iranian crude production or exports — whether from conflict or trade restrictions — could push prices up.

 

Petro-notes: Markets and Venezuela. Axios

Venezuela's interim leader Delcy Rodriguez "confirmed that her country had received $300 million from Washington's sale of Venezuelan crude and said she would use it to prop up the bolivar against the dollar," France24 and AFP report from her comments yesterday.

 

 

Precious Metal Prices

January 21, 2026

Gold - $4815.02

Silver - $93.19

Platinum - $2451.00

Copper - $5.80

Palladium - $1854.84

Rhodium - $10100.00

 

Alaska Permanent Fund

website

The projected payment to the state General Fund for upcoming Fiscal Year 2027, under the Percent-of-Market-Value (POMV) formula, is to be $4 billion, up from $3.8 billion for FY 2025, the current year.

 

The Fund’s rate of return over five years has been 9.54%

• For the first three months of the FY 2026 fiscal year, or July 1 through September 30, the Fund had $2.21 billion in “statutory net income.” 

 

Fund value January 20, 2026 - $88,018,200,000

PFD payout from ERA, Fiscal years 1982-2025: about $33 billion

Over $100 billion total earnings over lifetime of the Permanent Fund

 

 

Feedback is always welcome.

Have a great week!

 

Cathy 

 

Personal Contact:

907.465.4843

sen.cathy.giessel@akleg.gov

 

Past Newsletters on my website



My Staff:

·     Chief of Staff: Jane Conway (from Soldotna)

·     Legislation Aide: Paige Brown (from Anchorage/Girdwood)

·     Resources Committee Staff: Inti Harbison (from Anchorage)

·     Office Manager: Samantha Freeborn (from Anchorage)

·     Intern this session: Ben Goltz (from Anchorage, student at Dartmouth College)

 

Copyright © 2026. All Rights Reserved.

 

 

 

Senator Cathy Giessel's Newsletter | 12701 Ridgewood Rd | Anchorage, AK 99516 US