'Decide--dividends or schools,' Alaska Journalist breaks down PFD proposal

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ANCHORAGE (KTUU) - As the budget conference committee of the Alaska state legislature works to finalize the budget, the PFD has become one of the larger topics of discussion.

According to Larry Persily, long-time journalist and author of 'Oil and Gas NewsBrief,' the big argument this session is over the permanent fund earnings; specifically how much is going to public services and how much is going to go to pay out dividends.

A full dividend would see the state with a $1.2 billion deficit and require funding from either the Earnings Reserve Account or savings accounts.

Right now, there is a proposal to do a $12 billion transfer from the state's earnings account to the constitutional reserve.

Earlier today, Channel 2's Mike Ross caught up with Persily, who is at the state Capitol right now, to break down what exactly this means and how the proposal could impact our state if put into action.

You can watch their full interview above.

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