The PFD is not welfare, it is each Alaskan's rightful dividend from the gas/oil resources which in Alaska are held "in common" for the people of the state. Restructuring or seizing PFDs taxes ONLY resident Alaskans - it is unjust, & just plain crazy wrong.
The PF was never set up to be a "rainy day fund" - that notion is wishful malarkey coming from the gub-mutts who want to get it.
Neither this state nor any other can spend to avoid the inevitable financial ups & downs of business cycles.
The Tyrannosaurus rex in the Ak. fiscal picture is SB21 & BigOIl. Fixing THAT should be our first objective. Allowing our politicians to dance the side-step on this is unconscionable. Audits, too.
Seizing PFD $ will not provide stability to Ak, it will serve to further de-stabilize economics here.
An Income Tax &, better still, a Statewide Sales Tax is in order - everyone who benefits from State facilities, pays a little.
Gubmutt is too big, needs to be shrunken, along with reduction of services.