Senate Majority Bipartisan Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

 

 

February 5, 2026

 

 

Dear friends and neighbors,

 

Photo: Artwork from Alaska schools is displayed in the Capitol. These pastel puffins are from Peterson Elementary School in Kodiak, AK.

 

The University of Alaska has an Institute of Social and Economic Research (ISER) that Alaskans can be very proud of.

ISER was established 60 years ago.

The research covers a wide range of topics. You can see more at ISER website.

The economists who have worked there over the decades have been George Rogers, Vic Fischer, Lee Gorshuch, Scott Goldsmith, and Gunnar Knapp to name only a few.

A team of present day economists presented the analysis of SB 227, the Governor's Omnibus Tax Bill.

Here are the links to that presentation:

 

Alaska’s Fiscal Options - Institute of Social and Economic Research Full Report

 

260129 ISER report | DocumentCloud Presentation slides

 

Institute of Social and Economic Research (ISER) Fiscal Options Presentation Recording of presentation

 

My "take away": Taxation of our oil and gas industry has the least affect on Alaska citizens, compared to sales taxes.

Take a look at the report, slides, and, if you have time, the recording and see what you learn from the economists' work.

 

Items in this Newsletter:

·     Upcoming Catch Up With Cathy Events

·     Finance Committee Meetings.

·     Institute of Social and Economic Research Presentation.

·     Seward Highway O'Malley to Dimond Redesign Project

·     Seeking Candidates to Serve on the Alaska Trails Board

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

·     Alaska History

·     Resource Values, Permanent Fund

 

 

 

 

Catch up with Cathy

 

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

 

March 21st - at the Kaladi Brothers on Tudor Rd 9:00am - 10am

 

March 28th - at the Grind in Girdwood 2:00pm-3:00pm

 

April 11th - at Steamdot in the O'Malley Center - TBD

 

My staff and I love these meetings! They are small groups and we can talk about what interests the folks who attend.

 

Its usually a small group, and people come and go; the topics are determined by the people who are present. I hope to see you there.

 

 

Finance Committee Meetings

 

February 02 - Link to meeting. AK Marine Hwy Overview. Meeting Notes

February 03 - Link to meeting. Repeal 90 Day Session Limit. Meeting Notes

February 04 - Link to meeting. Governor's FY 2026 Sup. Meeting Notes

 

 

 

Institute of Social and Economic Research

 

Alaska’s Fiscal Options - Institute of Social and Economic Research Full Report

 

260129 ISER report | DocumentCloud Presentation slides

 

Institute of Social and Economic Research (ISER) Fiscal Options Presentation Recording of presentation

 

Raising oil, corporate taxes is least-painful option for reducing Alaska deficits, ISER concludes Alaska Beacon

The report released Thursday concluded that Alaska’s unstable fiscal situation has created so much uncertainty that it’s lowered Alaska’s real gross domestic product growth by 2-3% over the past decade, the equivalent of billions of dollars. Alaska’s GDP — the value of all goods and services in the state — is about $70 billion and ranks near the bottom of U.S. states in terms of growth over the past decade. Corporate and oil taxes have a lower impact overall. Imposing a statewide property tax and a broad corporate tax cut in combination, ISER suggested in a slide presented to lawmakers, would result in increased employment and personal income by 2050. There is a cost if lawmakers do nothing. In addition to the GDP penalty caused by uncertainty, the state remains vulnerable to what’s called the “Alaska disconnect.”

 

Raising oil, corporate taxes is least-painful option for reducing Alaska deficits, ISER concludes Alaska Beacon

new nonpartisan report by the Institute of Social and Economic Research at the University of Alaska Anchorage has concluded that raising oil and corporate taxes to balance Alaska’s budget likely has the lowest negative side effects for Alaskans’ jobs and income. 

The Alaska Disconnect The Alaska Memo

ISER economist Brett Watson told legislators last week is the "Alaska Disconnect," per the Alaska Beacon's coverage. It's the fact that the state has no broad-based tax that links broad economic growth to funding services. The disconnect, put in simple terms, means that economic growth – the kind that brings in new residents, putting new demand on everything from schools to local infrastructure – is bad for the state's budget. “It would be absolutely catastrophic from the standpoint of the state of Alaska budget,” he said of a hypothetical effort to relocate 100,000 tech industry workers to Alaska. “There would be 100,000 new Permanent Fund dividends to pay, the children of 100,000 new employees to educate, more roads to maintain, more state services to provide, without any additional revenue collected for any of those individuals. And so there’s this disconnect now that’s growing between our private sector economy and what goes on in our public sector.”

 

 

Seward Highway O'Malley to Dimond Redesign Project

 

·     Traffic Data:

·     Traffic Volume Trends (2015–2024) for routes within project limits are now available on the project website: Traffic Volume Trends PDF.

·     Crash Data:

·     Crash data request submitted to DOT&PF.

·     Current data from MOA mapped to nearest intersections; DOT&PF data will use lat/long but should align closely.

·     Stakeholder Working Group Goals:

·     Build community consensus through meetings: identify issues, share data, develop need statements, and influence solutions.

·     Design has not restarted; sketches are conceptual ideas, not decisions.

·     Concepts will be vetted through engineering processes and public review before final design.

·     Next Steps:

·     Meeting #3 in late February to prioritize concepts with limited funding.

·     Preliminary design work expected late summer, after open houses, transportation fairs, and MOA planning/zoning discussions.

·     Community and stakeholder feedback will shape the project to ensure it is “right-sized” and addresses local issues.

 

 

 

 

 

 

Rural Health Transformation Program

 

The Department of Health is pleased to announce that the Alaska Community Foundation will serve as our subrecipient grant administrator for the Rural Health Transformation Program and that we will have an informational webinar on Tuesday, February 10th for any member of the public that wants to know more about the application process. The Department anticipates an online portal opening shortly thereafter to allow online grant applications to begin. 

 

 

Alaska RHTP Application Informational Webinar

The Alaska Department of Health (DOH) invites you to an informational webinar on February 10, 2026 focused on the Rural Health Transformation Program (RHTP) and the upcoming application process.

RHTP is a multi-year federal investment to strengthen rural health care across Alaska. Funding will support community-based and system-level projects aimed at improving access, workforce capacity, and care delivery statewide.

During the webinar, DOH will:

1. Share an overview of Alaska’s approach to implementing the RHTP

2. Introduce the Alaska Community Foundation (ACF) as Alaska’s RHTP subrecipient administrator

3. Walk through what organizations can expect from the application process and portal

4. Outline near-term timelines and next steps

5. Answer questions from participants

Tuesday, February 10

1:00 PM - 2:00 PM (AK Time)

Register for the RHTP webinar

Participants are encouraged to submit questions in advance to rhtp@alaskacf.org. Common questions will be addressed during the webinar

 

 

 

Seeking Candidates to Serve on the Alaska Trails Board



There are many ways to give back to the trails you love and support Alaska Trails. Donations and volunteering with our Alaska Trail Stewards program are popular - and much appreciated - ways to support our organization. Board Service is another way to support our organization as we work to improve trails for all Alaskans. 

 

 

The Alaska Trails Board is a fun group of hard-working, trail-loving individuals. The Board meets six times a year and helps to steward the financial and strategic future of the organization, while supporting Alaska Trails staff via committee participation and at major Alaska Trails events. 

 

If you're interested in Board service, please send a brief letter of interest to office@alaska-trails.org and we will share more details about what Board service entails.

 

 

Current Topics

PODCAST: The 34th Legislature’s 2nd session Talk of Alaska

 

Dunleavy calls fiscal plan a ‘sacrifice’ of political goodwill as it meets tepid response from lawmakers, industry ADN

 

Dunleavy’s statewide sales tax repeals local exemptions on food, utilities — but city may lose far more than it receives Juneau Independent

Dunleavy spent much of his tenure opposing new taxes and asking lawmakers to approve massive draws from savings to cover the cost of state government. Now, he is proposing to address the state’s structural deficit by levying a new statewide sales tax, revising the calculation for the annual Permanent Fund dividend, imposing an increase in taxes on the state’s oil industry and phasing out the state’s existing corporate income tax.

 

Opinion: A decade has passed, but the existential threat to Alaska’s future remains ADN

Ten years ago, I was helping launch a grassroots effort called Our Alaska alongside two other women. We were in our late 20s and early 30s, and we were worried about the state’s fiscal future. At the time, Alaska was confronting what was then called a looming “fiscal cliff.” Oil prices had collapsed. Deficits were mounting. Savings were being drained at an alarming rate. Yet the public conversation felt muted, technical and strangely detached from urgency.

 

Alaska’s fiscal plan: A start in the right direction with questionable execution ADN

As proposed, Alaska would tax its residents with one hand, only to pass out government checks in the form of a PFD with the other. That’s a classic redistribution of wealth, carried out through two expensive bureaucracies. If that doesn’t make any sense to you, you’re not alone. A simpler, fairer and more realistic approach would be to use oil revenue and Permanent Fund earnings to fund state government first, then distribute a sensible dividend from whatever revenue remains.

Opinion: Dessert first is no way to run Alaska’s budget ADN

 

Don’t have a REAL ID or other acceptable form of identification? Starting Sunday, you’ll have to pay up to get on a plane Alaska News Source

Travelers who don’t have an acceptable form of ID will have to pay a $45 fee to the TSA to verify their identity and get through security screening, starting Sunday, Feb. 1. More than 94% of Alaskans use an acceptable form of ID, according to state records, about half the population has received REAL IDs. People can go to the TSA website to see a list of acceptable ID’s.

 

Alaska House approves tougher standards for resident hunting, fishing licenses Alaska Beacon

Alaskans seeking to get resident hunting, fishing and trapping licenses may soon need to meet most of the same standards needed to get a Permanent Fund dividend. In a 27-12 vote Friday, the Alaska House of Representatives approved House Bill 93, which would apply PFD-like residency restrictions to hunting, trapping and fishing license requirements. Leading the opposition to the bill was Rep. Kevin McCabe, R-Big Lake, who unsuccessfully attempted to amend the bill with an exemption for airplane pilots who may work out of the state.

Vexed lawmakers told it will take ‘at least a year’ to assess report calling state pay uncompetitive Juneau Independent

State employees hoping they might see a pay hike due to a study declaring their wages uncompetitive may be in for a long wait, as a Dunleavy administration official said Monday the plan is to spend "at least a year" assessing how the study’s recommendations can be implemented. "I've always wondered what the word Byzantine bureaucracy meant and I feel like after today I kind of know that," Rep. Will Stapp, R-Fairbanks, said during the back-and-forth questioning. "This issue has been going on a long time. I don't think in all the meetings that we had on the salary study it was ever mentioned that we would ever have required a classification study. So I do feel like this is basically being stuck in a bureaucratic malaise that is slowly grinding my soul into powder."

(My comment: It has been the mission of this Governor’s administration to reduce the size of government. This has been executed with severe budget reductions and hiring freezes. It would be a 180 degree turn for this administration to update salaries. So this idea of “at least a year” to implement the was increases is exactly the time left in this administration.)

 

 

Things That I Found Interesting

Alaska population rises slightly, but more people continue to move out than move in Alaska Beacon

after prodding from Alaska state demographer David Howell, the Census Bureau retroactively lowered the number of international migrants that came to Alaska, and this year’s population estimate is significantly lower than last year’s but higher than the state’s revised 2024 figure. With the extra residents removed and a new baseline in place, the state’s population grew on a year-over-year basis because the number of births in the state exceeded the number of Alaskans who died. 

(My comment: Did you know Alaska had a demographer? Thanks to Mr. Howell, our population numbers are closer to accurate. Still concerning is that natural increase — births minus deaths — of 3,389 people was greater than the number of people who moved out of the state.

 

 

Arctic

Alaska again seeks American shipyards to build new oceangoing Tustumena replacement ferry Alaska Beacon

After more than a decade of planning, design and false starts, the state of Alaska is once more attempting to build its first new mainline ferry in decades.

 

Snow loads aren’t stressing Anchorage roofs, for now. Alaska Public Media

Since the ‘60s, municipal code has required roofs in the Anchorage Bowl to withstand 40 pounds of snow per square foot of roof, known as PSF. Soule said right now, we’re at about 20 PSF.

 

Alaska Native corporation seeking OK to build winter roads in Arctic refuge coastal plain Alaska Beacon

The Kaktovik Iñupiat Corporation says a seasonal ice and snow road link is unrelated to oil but needed to reduce costs and improve life in the isolated village.

Alaska Native group sues Trump administration for nixing North Slope caribou protections Alaska Beacon

Representatives of Nuiqsut, an Inupiat village on the North Slope, have sued the Trump administration over the abrupt cancellation of a program that gave protections to the Teshekpuk Lake area and the caribou herd that uses it. Teshekpuk Lake is the largest lake in the Arctic region and known as a diverse and sensitive wetland ecosystem. 

“You can literally feel your ancestors walking with you” - Indigenous fashion show showcases Alaska Native heritage. Alaska News Source

Students and families gathered at Bettye Davis East Anchorage High School Saturday for the Indigenous Education Student Fashion & Vendor Show.

 

 

Education

It's easy to understand teacher turnover in Alaska Alaska Beacon

Teachers must hold degrees in education. Teachers must pass national exams. They are vetted by the state for certification. Yet teachers aren’t respected as professionals. The current push for school choice and parental rights combined with the proliferation of low accountability education options like correspondence schools send a clear message to career educators: Anyone can do your job.

(My comment: “The Smartest Kids in the World” (Amanda Ripley) tells the story of Finland, with the “smartest kids in the world”. Teachers there are esteemed higher than attorneys and physicians. They are respected, paid well, have retirement pensions. Students and parents respond accordingly. This doesn’t exist in the US and certainly not in Alaska.)

 

A $50M literacy grant is helping Alaska schools, but some districts say it’s tough to access funds Alaska Beacon

While Alaska school districts are seeing improvements in kindergarten to third grade students’ reading proficiency, which officials credit to the Alaska Reads Act, some districts are struggling to access state managed funds for a federal grant program aimed at supporting literacy programs, teacher development, and student learning.

 

Anchorage School District proposes major cuts to positions, programs, sports and more ADN

 

Anchorage School District faces $90M deficit, proposes cutting hundreds of positions. Alaska News Source

The Anchorage School District released a preliminary budget on Friday that cuts over 500 positions and increases class sizes. To balance a $90 million structural deficit, the district’s budget proposal makes significant cuts to classroom teachers, school nurses, sports programs and administrative positions.

Dunleavy opts Alaska into federal tax credit scholarship program that could benefit private schools ADN

State officials and some education advocates are at odds over the legality of a new federal tax credit scholarship program that Gov. Mike Dunleavy signed Alaska on to. The program — which passed as part of the One Big Beautiful Bill Act budget reconciliation measure last year — would give federal tax breaks to families who donate to independent nonprofit Scholarship Granting Organizations, which have not yet been established in Alaska. A prepared statement from the state Department of Education and Early Development said the money could be used for tuition or fees at private schools, charter schools and homeschools, among other expenses. Money could also be donated to public schools.

 

Anchorage teacher union votes in support of tentative agreement Alaska News Source

Members of the Anchorage Education Association voted to pass a tentative agreement with the Anchorage School District after weeks of negotiation, according to AEA president Christi Sitz. The agreement includes a 17% pay increase spread over four years: 3% for the remainder of this school year, 5% each of the next two years and 4% in the final fourth year. Teachers will also receive a $200 monthly increase for health insurance.

Anchorage teachers union ratifies 3-year contract with school district ADN

Anchorage School Board approves new 3-year teacher contract AK PUB

Anchorage School Board takes deeper look at budget cuts KTUU

(My comment: I recommend a book, “The Smartest Kids in the World” by Amanda Ripley. The clear winner is the country of Finland, a circumpolar country like Alaska. In Finland education is prioritize and teachers are regarded with respect. Teacher education is very competitive, credentials matter, and teachers are valued. In turn, parents convey that respect and importance of education to their children. As a result, student performance matches and results in the “smartest kids in the world”. The U.S. and Alaska is the opposite. We could do better. We could recognize the value of teachers, who are nurturing and inspiring students. We could respect and support them.)

 

 

Energy

🏃 Catch up quick on batteries Axios

Data center developers are increasingly adopting batteries to help manage energy load.

 

Lawmakers ‘not convinced’ Alaska roads are ready for LNG pipeline construction. Alaska News Source

“I’m concerned that we aren’t prepared for all of this,” Sen. Cathy Giessel, R-Anchorage, said following the committee hearing Wednesday. “We’re going to need to have significant amount of cash on the table to pay for these improvements. At the same time, I’m concerned that even our Department of Transportation doesn’t have more detailed information, or perhaps they have it, but they simply can’t share it with us. This project is completely behind closed doors,” she added. “We can’t see any of it. So it’s a challenge.”

 

Abu Dhabi's XRG raises Rio Grande LNG project stake Reuters

Abu Dhabi state energy company XRG said on Monday it is buying an additional 7.6% stake in two liquefied natural gas trains at the Rio Grande LNG project in Texas, deepening its investment in one of the world's largest export facilities.

 

New transmission line connecting Hydro-Quebec to ISO-NE begins commercial operations EIA

On January 16, 2026, the New England Clean Energy Connect (NECEC), a 1,200 megawatt (MW) transmission line project, began commercial operation. The new high-voltage direct current NECEC transmission line is primarily intended to increase the amount of hydroelectric power exported from Canada to New England.

(My comment: This HVDC transmission line is the same type of transmission proposed for Cook Inlet to transmit Bradley Lake Hydro to Southcentral Alaska.)

 

Opinion: Alaska must proceed with caution on gas line legislation ADN

 Glenfarne recently announced it has updated the long-cited $44 billion cost estimate for the project but has declined to release the new figure publicly. The potential for conflicts of interest deserves scrutiny as well. Glenfarne’s involvement in both a gas line intended to supply Southcentral Alaska and planned Cook Inlet LNG import facilities raises an obvious question: Could imported LNG compete with gas from the pipeline project? On a project this large and risky, prudence is not obstruction. It is responsible stewardship.

Bonus: China's mineral dominance, charted Axios

 

Small oil and gas firm moves to take advantage of Alaska’s gas pipeline prospects Alaska Beacon

A small independent oil and gas company on the North Slope is making a bet on construction of the proposed trans-Alaska natural gas pipeline, a new regulatory filing reveals. According to the Alaska Department of Natural Resources, Strong Energy Resources of Texas has asked the state to designate a new oil and gas unit on the North Slope, an administrative change that the company says would position it to produce gas for the pipeline.

(My comment: Another Texas oil company, an S-corporation which will pay no corporate tax to Alaska, has realized what a tax-free place this is.)

 

 

Politics

America's Place in the world. Axios

Imagine a world where ties to the U.S. feel like a burden, not a benefit to free society.

Trump administration denies full disaster funding for Western Alaska storms, state files appeal. Alaska Beacon

 

Federal government denies Dunleavy request that it fully pay for initial storm response in Western Alaska ADN

That leaves the state on the hook for millions of dollars for disaster recovery, however the full amount is still unknown. 

 

Opinion: The tyranny of quotas - ADN

 

 

Health Care

Alaska officials uncertain on bills needed to keep $1.36B in health funding. Alaska News Source

Alaska must pass legislation by 2027 to keep its full $1.36 billion in federal rural healthcare funding, but state officials told lawmakers Thursday they don’t yet have a clear plan for how to do it.

 

The Evolving Landscape of State Health Care Transaction Laws NCSL

Rising health care costs and consumer affordability remain top of mind for many state policymakers. As of 2022, the United States was spending double the amount per person on health care compared to other high-income countries. Several factors contribute to rising health care costs. Experts attribute this growth largely to increased prices for services, including more spending on administrative costs of the provider or insurer, prescription drugs and wages, rather than high utilization of services.  Research suggests that health care market consolidation is a driver of prices and that mergers and acquisitions involving private equity firms has led to increased health care costs and utilization. 

 

The cost of health care, not food or rent, is now Americans’ top worry ADN

 Americans are worried about their bills for groceries, housing and utilities. But their biggest pocketbook anxiety arises from the cost of health care. Over the past five years, the price of health coverage for an employee’s family has risen 26 percent, to $27,000 annually, according to a different KFF survey.

 

Alaska has second-lowest child vaccination rate among 48 states reporting results Juneau Independent

Kindergarten vaccination rates in Alaska are the second-lowest among 48 states reporting data, with rates decreasing nationwide due to increasing exemptions and misinformation, according to reports and data published Monday.

 

 

Celebrating the Legacy of Gerald Alan “Jerry” McBeath

 

Gerald Alan "Jerry" McBeath (1942-2024) a distinguished scholar, educator, and community supporter is remembered for his dedicated service to the Select Committee on Legislative Ethics. Before arriving in Alaska, Jerry held assistant professorships at Rutgers University and the City University of New York. In 1974, Jerry served as a Fulbright Scholar teaching at the National Political Science University in Taipei, Taiwan, where he was the only foreign professor lecturing in Mandarin. In 1976, Jerry accepted a professorship at University of Alaska Fairbanks. Known for his integrity, intelligence, and candor, Jerry was highly regarded by colleagues and students alike. Jerry is also known for serving on the Select Committee on Legislative Ethics, first as an alternate public member in 2020 before serving the committee as a regular public member in 2023, a role in which he served until his passing. (Legislative citation)

 

 

Alaska History

 

Melvin Dempsey was born enslaved in North Carolina. To escape the violence associated with Jim Crown rule, he traveled north to Alaska. Dempsey arrived in Valdez in 1898 where he opened a restaurant and inn. While running his business and operating a few claims, Dempsey also established a Christian Endeavor Society, a nondenominational organization. Dempsey later became the postmaster of Chisna. One may recognize his surname from the Dempsey River and a settlement west of the interior town of Paxon, both named after him. Unlike many who came to Alaska during the 1890s and early 1900s, Dempsey never viewed it as a place to make money and then leave. That Dempsey arrived in Alaska later in life was atypical among the men who came north during the gold rush. Moreover, Dempsey’s name attached as it is to a town and river demonstrates the reputation he built. (National Park Service.)

 

·     1925, Feb 2 - Serum to treat Diphtheria reached Nome (commemorated today by Iditarod Sled Dog Race)

·     1942, Feb 2 - Alaska Highway route chosen

·     1996, Feb 3 - 79 inch snowfall in Valdez

·     1969, Feb 9 - First commercial flight to Deadhorse (Prudhoe Bay)

·     1968, Feb 16 - ARCO (Atlantic Richfield oil company) & Humble Oil announce oil discovery at Prudhoe Bay (the largest conventional oil field in North America)

·     1989, Feb 19 - Roxie Wright-Champaign became first woman to win the Fur Rhondy Sled Dog Race

·     1899, Feb 20 - First White Pass & Yukon Railroad passenger train (This narrow gauge railroad is an International Historic Civil Engineering Landmark)

·     1924, Feb 21 - Carl Ben Eielson, Alaska bush pilot & explorer, made the first Airmail delivery in Alaska, between Fairbanks to McGrath. Eielson Air Force Base is named for him.

·     1957, Feb 24 - First commercial flight between Europe and the Orient, stopping in Anchorage

·     1923, Feb 27 - President Harding established the National Petroleum Reserve - 4 (NPR-4) on the North Slope (Its now called NPR-Alaska)

·     1967, Feb 28 - First winter ascent of Denali, accomplished by Art Davidson, Ray Genet and Dave Johnston

 

 

Alaska Resource Values

 

Alaska North Slope crude oil price (02/02/2026):$66.10

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

9/20/24: $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 (2/2/26): 472,507bpd


 

 

Precious Metal Prices

January 21, 2026

Gold - $4,991.18

Silver - $89.18

Platinum - $2,257.80

Copper - $5.93

Palladium - $1,778.43

Rhodium - $10,000.00

 

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 February 3rd, 2026 - $88,787,400,000

 

 

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