Senate Majority Bipartisan Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

 

 

October 3, 2025

 

 

Dear friends and neighbors,

 

Photo: I attended a Nuclear Energy Institute symposium this week with nuclear engineers and engineering students from around the world! I foresee that nuclear energy will be Alaska’s energy of the future.

 

The Alaska Dividend

This is a dangerous topic to talk about! The Dividend is called the “3rd Rail”, meaning it’s electrified and dangerous to touch it!

 

But I’m going to be brave and talk about this program.

 

Here’s what I worry about: Alaskans who work 2 jobs to make ends meet; kids who go home to empty homes with no one to take care of them after school; families who can’t afford healthy foods or sometimes any food; adults and kids who are depressed, anxious, even thinking about suicide; parents who can’t afford healthcare for themselves or their kids. 

 

Alaska benefits from Federal funds to support food banks, supplemental nutrition programs (SNAP), afterschool programs (like Boys & Girls Club and others), rental assistance ($700/month or so), Medicaid for healthcare and mental health, special needs services in schools, funding for schools, and much more! But these Federal funds don’t cover all the costs for these programs - and now federal funding has been cut in recent months, by an act of Congress and our President.

 

60% of Alaskans don’t utilize any of these services. In fact, 60% of Alaskans don’t desperately wait for the Dividend to distribute. That’s because they have income sources that cover these needs and more.

 

However, I worry about the other 40% of Alaskans who do need access to food banks, Medicaid, SNAP, rent subsidy, and who wait anxiously for the Dividend. 

 

The Dividend, as written 44 years ago, is running out of money. Two reasons: a) the structure of the Fund is badly outdated and needs fixing; b) the state budget is no longer funded by oil taxes as it was when the Dividend was created.

 

Why aren’t oil taxes paying the bills anymore?

A) Oil production has slowly fallen over the last 40 years; B) Price of oil has fallen; C) Not all oil companies pay corporate income tax (Hilcorp, for example, doesn’t pay this tax); D) Oil tax deductions reduce the oil taxes paid by new oil fields.

 

Attached is a “History of the Permanent Fund and Dividend”. I didn’t make this history up; it’s documented by many people like me, who were here in the 1970’s. We remember the events that created the Dividend program.

 

Dividend spending was never meant to be income replacement for residents. And it was never meant to be entitlement spending that was “owed” to Alaskans.

 

The Permanent Fund was created to serve as savings available to fund state services when oil taxes no longer did. That time is now.

 

I will be honest with you: I will vote to fund state services first, before dividend spending. I will be sure that SNAP, Medicaid, roads, public safety, schools, healthcare, rent support, clean air regulations and more are funded - before Dividend spending. These state services allow our families, businesses, and communities to function and prosper. 

 

Healthy families, businesses and communities are what make our state a great place to live. That is my goal and what I work for every day.

 

I want to be truthful with you. I won’t promise big dividend spending to win your votes or “likes”. Those promises are fake and unable to be fulfilled. Promises like that do not reflect our current fiscal reality. 

 

So I’ve touched the “3rd Rail”. Through this and previous newsletters I’ve been truthful with you about the dividend, the Permanent Fund history, and today’s financial situation. 

 

My hope is that we can work together to build a great future for all Alaskans in the next generations.

 

 

49 forward: For generations of Alaskans. Alaska Landmine

The Alaska Permanent Fund embodies that generation’s pioneering, hardy spirit. Those Alaskans, who had far less than we do today, selflessly chose to transform a portion of our resource wealth into a renewable financial resource for future generations rather than spend it on themselves.

 

 

Let's Talk!!

I have a "Catch up with Cathy" event this Saturday, October 4 at the Kaladi Brothers Cafe on Tudor from 9:00-10:00am. Come get some coffee and chat about what matters to you!

 

Items in this Newsletter:

·    Catch up with Cathy Events

·    Community Wildfire Protection Plan

·    Govenor Vetoes Reading Incentive Grant and CTC Funding Legislation

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

·    Resource Values, Permanent Fund

 

 

 

 

AK LNG nets two new agreements as development decision looms. KDLL

Glenfarne enlisted another firm to update the project’s current cost estimate. Prestidge says Glenfarne does not expect construction costs to be “significantly more expensive” than previous estimates, but they’re keeping the final construction price tag secret. “You wouldn't normally be publishing costs for a project – for a private project, kind of on a recurring – rolling updates,” he said. “And so the ultimate cost to complete is going to be something that is most likely not going to be made public.”

 

 

Catch up with Cathy

 

These are informal coffee conversations held on certain Saturdays from 9:00am-10:00am. The next few events are listed below. I hope to see you there!

 

October 4: 9-10am at the Kaladi Brothers Cafe on Tudor Road

October 25: 9-10am at the Steam Dot in O'Malley Center

November 15: 9-10am at the Grind in Girdwood

 

 

Community Wildfire Protection Plan

 

I’ve attended several wildfire presentations at national meetings in the past few months.

Universally agreed upon was the concept that vegetation control is one of the basic elements of wildfire prevention.

For our district that means: removing beetle-kill trees, cut back underbrush, remove brush piles, create a defensible perimeter around your home. Don’t use burn barrels! (Sad that I have to say that but I was shocked to see one in use recently on hillside).

 

 

AFD's Community Wildfire Protection Plan (CWPP) survey is currently open through September 30th, and we have received 277 responses to date. We would like to reach a minimum of 500 responses. The survey results will directly inform the development of Anchorage’s CWPP.

 

Looking ahead, we will be hosting a Fall Wildfire Town Hall on:

 

📅 Wednesday, November 12, 2025

🕕 6:00 – 8:00 PM

📍 Wilda Marston Theater – Z.J. Loussac Library

 

This event will wrap up the 2025 fire season, provide updates ahead of 2026—including planned hazard fuel mitigation projects—and present the CWPP Draft to the community. The public comment period will be open November 12–30. We recognize that not all community councils will meet during this time, so we strongly encourage councils to help promote the survey this month and the town hall in October. For accessibility, the town hall will also be available on our YouTube channel.

 

Staying Connected

 

While we will continue to attend community council meetings in person when possible, we hope the public finds our growing YouTube channel a valuable resource. Monitoring our YouTube channel, AFD website, and Facebook & Instagram pages are the best ways to stay informed.

 

As fire danger continues to fluctuate during warm, dry days, fall is an ideal time to complete Firewise work around your property. Please also note:

 

*  Wood lots remain open through October 31st, free to the public.

*  For hours of operation, visit the Solid Waste Services website.

 

 

 

Governor Vetoes Legislation That Would Fund Reading Incentive Grants and Career and Technical Programs

 

Anchorage, AK– Today, Governor Mike Dunleavy vetoed Senate Bill 113, which sought to modernize Alaska’s corporate income tax law to include online sales from outside corporations. Senate Bill 113 was a bipartisan compromise that would fund educational opportunities in career and technical education and reading incentive grants. Senator Bill Wielechowski (D-Anchorage), who sponsored the legislation through the Senate Rules Committee, expressed deep disappointment with the veto, which would have brought in $25 to $65 million annually from online corporations without impacting a single Alaskan. 

 

“SB 113 was a common-sense, bipartisan solution to help close our revenue gap without costing Alaskans or Alaska businesses a penny,” said Sen. Wielechowski. “The Governor had the opportunity to stand with Alaska families, students, and communities – but instead, he chose to side with tech corporations that profit from Alaskans and utilize our infrastructure, while paying nothing back to our state.”

 

When Alaska’s corporate tax laws were first written in 1970, they did not anticipate the modern digital economy. As a result, major social media and streaming companies can make significant profits from Alaskans without paying corporate taxes here, even though they pay them in 36 other states.

 

The bill closed this loophole by modernizing Alaska’s corporate tax structure to align with reforms already adopted and widely accepted by other states. These changes are standard nationwide, widely recognized as fair, and have been shown not to increase consumer costs. In fact, by ensuring companies are taxed only on the business they actually conduct in Alaska, the measure would have made Alaska more attractive for data centers and high-tech investment.

 

“Every Alaskan knows Alaska is facing a revenue crisis, and that our education system needs critical resources. This bill would have been a step towards closing those gaps without taxing Alaskans while asking these corporations to contribute to the state that they use for their business ventures,” Wielechowski said. “The Governor’s veto sends the message that outside corporations come before Alaska’s schools, Alaska’s workforce, and Alaska’s future.”

 

Alaska Gov. Dunleavy vetoes corporate tax bill intended to fund public education programs. Alaska Beacon

That shift, already enacted by 36 other states, would have required companies like Netflix and Hulu, which do not have any in-state business presence, to pay corporate taxes based on sales to Alaskans. That shift was expected to generate between $25 million and $65 million per year for the state treasury once fully implemented.

 

 

Current Topics

Alaska loses lawsuit that challenged the western boundary of the Arctic National Wildlife Refuge. Alaska Beacon

Judge Sharon Gleason ruled that laws and regulations setting the western border of the Arctic National Wildlife Refuge are “ambiguous,” but federal regulators made a reasonable decision when they declared the border to be the western bank of the North Slope’s Staines River, rather than on the western bank of the Canning River.

 

 

Arctic Issues

A walk across Alaska's Arctic sea ice brings to life the losses that appear in climate data. CU Boulder Today

As global temperatures rise, hunters in Alaska, who rely on Arctic ice, are seeing changes. CU expert Alexandra Jahn explains how these shifts are echoed in satellite data and climate models.

 

U.S. fighter jets monitor Russian aircraft in airspace near Alaska. KUAC

NORAD news release says the agency detected and tracked two Russian Su-35 fighter jets and two Tu-95 bombers as they entered the Alaskan Air Defense Identification Zone.

 

Norway opens world's northernmost permanent radiation monitoring. The Barents Observer

This is DSA's first permanent air filter monitoring station at Svalbard aimed to look for human-made isotopes, an important tool in case of nuclear accidents or leakages of radioactivity that could blow over the high Arctic regions.

 

 

Energy

Opinion: The Alaska LNG project is digging itself deeper into quicksand. ADN

 

DOE ends billions in clean-energy awards following Vought post. Axios

The announcement came hours after White House budget chief Russ Vought posted on X that "Nearly $8 billion in Green New Scam funding to fuel the Left's climate agenda is being cancelled. The projects are in the following states: CA, CO, CT, DE, HI, IL, MD, MA, MN, NH, NJ, NM, NY, OR, VT, WA,". Those states also all voted for Kamala Harris in 2024, have Democratic Senate delegations, and most have Democratic governors.

 

 

Economy

Inching closer to "skills cliff". Axios

Two main forces are at work: The crackdown on immigration reduces the labor supply. An aging population and shrinking native-born workforce.



 

Education

Murkowski, Sullivan join 10 US senators urging reversal of funding cuts for Native students. Alaska Beacon

The letter, addressed to U.S. Secretary of Education Linda McMahon, argues that an estimated $36.1 million in grant funding already allocated under the Higher Education Act should be distributed to colleges and universities serving Native students nationwide. 

 

The White House upped the cost of H1B visas. Alaska Schools could face major consequences. KMXT

In an executive order earlier this month, President Donald Trump announced he would raise the price of H-1B work visas from about $5,000 to about $100,00 per person per year.

 

Suit challenging use of Alaska homeschool funds for private school tuition moves forward. Alaska Public Media

The lawsuit centers on what are known as correspondence school allotments, cash payments to families who homeschool their kids in the state’s public correspondence school system. They’re meant to pay for things like lessons and supplies, and some parents use them to pay for private school tuition.

 

 

Politics

Russia dares NATO. Axios

On Thursday, U.S. fighter jets intercepted Russian warplanes near Alaska's air defense identification zone for the ninth time this year.

 

5 things for Alaskans to know as another federal shutdown nears. Alaska Public Media

 

Murkowski is ‘inflection point’ in shutdown negotiations as government shutdown looms. Alaska's News Source

 

Government shutdown draws closer as congressional leaders head to the White House. ADN

On one side, Sen. Dan Sullivan and Rep. Nick Begich have voted to push forward proposals to prevent a government shutdown, proposals that ultimately died. On the other side of the three-person delegation, Sen. Lisa Murkowski is standing away from both Republicans and Democrats in not pushing forward with any of the proposals.

 

1 big thing: "War from within". Axios

Opening the Quantico gathering, Secretary of War Pete Hegseth said the military would scrap "overbearing rules of engagement" and "untie the hands of our warfighters to intimidate, demoralize, hunt and kill the enemies of our country." Trump then applied that sentiment to the home front, urging troops who are harassed or assaulted by protesters to "get out of that car and do whatever the hell you want to do."

 

Adam Crum quietly committed $50 million of CBR to outside investment firm on his way out the door. Alaska Landmine

According to sources, state officials have been exploring if it’s possible to get out of the contract. But it’s tricky as the former Revenue commissioner signed a legal contract with DigitalBridge. Sources confirm that the state has encumbered $50 million from the CBR while they are dealing with the issue. It’s not yet clear if any money from the CBR has been transferred to DigitalBridge. The Department of Law has also been engaged to work on the issue, per sources. 

(My comment: I will be following this story. If it’s true, this previous Revenue commissioner, now candidate for Governor, should drop out of the race. The ethics of his actions, if they are true, are highly questionable.)

 

 

Health Care

COVID virus still circulating in Alaska, while access to recommended vaccines varies. Alaska Beacon

The virus that caused the COVID-19 pandemic is still circulating, but some Alaskans seeking to be vaccinated against the disease may have to wait for that service.

 

 

Alaska Oil Resource Values

 

Alaska North Slope crude oil price (10/02/25): $65.96

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

forecast of $64/barrel of oil.

History of prices:

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 (10/02/25): 460,027 bpd


 

 

 

 

Precious Metal Prices

October 2, 2025

Gold - $3900.20

Silver - $48.29

Platinum - $1616.62

Palladium - $1288.47

Rhodium - $7025.00

 

Alaska Permanent Fund

website

 

Fund value October 2, 2025 - $86,536,500,000

PFD payout from ERA, Fiscal years 1982-2024: $31.3 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)

 

Copyright © 2025. All Rights Reserved.

 

 

 

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