Northern Dynasty Minerals Ltd (NAK)

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Alaska's universal basic income problem.The Alaska Permanent Fund Dividend for every man, woman, and child. The fund receives money form mining, oil, and gas companies.

Because of falling oil income, the fund couldn't cover the money needed by state funded projects. In 2015, the fund was supposed to pay residents $2,052, but Governor Bill Walker cut their payment to $1,022 for 2015, 2016, and 2017.

Senator Mike Dunleavy, who was running for Governor, promised to raise it to $6,700 to make up for the short falls of the previous three years.

He won by a landslide.

But there was still the falling oil income. Dunleavy cut the state funding of the important ferry system by 31%, reduced payment to the University of Alaska by $70 million, and other state funds, but the legislature said that there was not enough money to pay more than $1,600 to state residents. It is the legislature, not the governor that sets the payments.

Unless the state starts receiving more income, such as from a Pebble mine, Alsakan residents will receive falling payments.

Unless Dunleavy can fast tract the Pebble project, he will only be a one term governor.

https://www.msn.com/en-us/money/markets/alaskas-universal-basic-income-problem/ar-AAGQJet?ocid=spartandhp