Nov. 11, 2013: Public debate on the State of Alaska's fiscal future
by Michelle Saport |
Monday, Nov. 11, 11:30 a.m.-1 p.m. Dena'ina Center, Second Floor (600 W. 7th Ave.)
UAA's Seawolf Debate Program is partnering with the Anchorage Chamber of Commerce to present a debate on the State of Alaska's fiscal future. UAA's own Scott Goldsmith of the Institute for Social and Economic Research has proposed that state spending be limited to Alaska's "Maximum Sustainable Yield." Maximum sustainable yield is the amount the state can spend each year from its petroleum endowment, or nest egg, and still sustain the value of that nest egg for future generations. The nest egg is a combination of the state's financial assets and the estimated value of petroleum still in the ground.
Monday's debate will consider the motion, "Limiting state spending to Alaska's Maximum Sustainable Yield is the best way to ensure a viable fiscal future for the State of Alaska." Joining Professor Goldsmith in supporting the motion will be Brad Keithley of Keithley Consulting LLC. Opposing the motion will be Andrew Halcro, president of the Anchorage Chamber of Commerce, and Jonathan King of Northern Economics. The debate will be hosted at the Anchorage Chamber of Commerce's "Make it Monday" lunch forum. Details and tickets are available at anchoragechamber.org.