HERE’S THE MONEY

Jim Crawford
Anchorage Chairman
Just Say NO!
Mar. 6, 2004

Read these financial statements on line if you want. But, make sure that your legislator has read them.

Alaska Energy Authority

AEA is already a division of Alaska Industrial Development and Export Authority Fund Balance $423 million.

Alaska Industrial and Export Authority, AIDEA

Fund Balance $822 million.

Alaska Housing Finance Corporation, AHFC

(For June 30, 2003)

Fund Balance $1.783 billion.

Merged, the combined fund balance is $2.983 billion.

Transfer $2.4 billion to the Constitutional Budget Reserve leaving working capital in a combined AHFC, with AIDEA and AEA as divisions of AHFC, of $583 million. This amount is sufficient to carry out all the loan, grant, and operational programs of each of the divisions.

Added to the $1.9 billion in the Constitutional Budget Reserve, the balance is $4.3 billion, the exact amount Governor Murkowski announced in his 2004 Budget Address to the Legislature was the cumulative budget deficit through 2011.

Do the merger or raid the Alaska Permanent Fund. Help the Governor and your Legislator decide.