Juneau -- Senator Jerry Ward (R-Anchorage/Kenai) introduced legislation calling for an advisory vote in the November 2000 General Election for voters to choose between three long-range fiscal plans to bridge the fiscal gap.

"Senate Bill 172 will allow a choice of the Alaskan people to determine the future funding of state government," said Sen. Ward. "The three recognized long range plans each have different approaches to funding state government through the year 2020."

The Permanent Fund Long-Range Plan by the House Leadership requires usage of portions of the Permanent Fund Dividend and usage of the Constitutional Budget Reserve.

The second option, The Income Tax and Permanent Fund Long Range Plan by Governor Knowles requires a state-wide income tax, usage of portions of the Permanent Fund Dividend and also uses the Constitutional Budget Reserve.

The final option, the Resource Development Plan by Senator Jerry Ward requires usage of the Constitutional Budget Reserve and utilizing a portion of the 90 million acres of state land for new revenues. The Constitutional Budget Reserve funds the fiscal gap until FY2004.

"In order for any fiscal plan to be successful, it must have the backing of the people," said Ward.

Broadcasters note: Audio comments are available on the Majority Actuality line, 1-800-478-6540
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