As Alaska struggles with budget shortfalls while maintaining it's program of giving residents a share of Permanent Fund earnings each year, it's time to ask the question, WWJD (What Would Jay [Hammond] Do)? The answers lie in this posthumously published book by the state's most beloved former governor.
"'Diapering the Devil' reveals much about Hammond’s sometimes contradictory thinking on his own creation, but at its core lies an admission: 'Without a state income, sales, or property tax, the only sustainable funding source Alaska has, currently, is the Permanent Fund,' Hammond wrote. How this would be accomplished is a bit complicated, however."
Read more here.
"'Diapering the Devil' reveals much about Hammond’s sometimes contradictory thinking on his own creation, but at its core lies an admission: 'Without a state income, sales, or property tax, the only sustainable funding source Alaska has, currently, is the Permanent Fund,' Hammond wrote. How this would be accomplished is a bit complicated, however."
Read more here.
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