AN OPEN LETTER FROM ALASKA BUSINESS LEADERS: As leaders representing diverse industries that provide thousands of jobs and billions of dollars of investment across the state, we ask all of our elected officials to think about Alaska's economic future and its long-term quality of life. We are concerned about the impasse over the operating budget and size of the Permanent Fund dividend. Until we can solve these standoffs, our state's long-term fiscal and political stability is at risk WE BELIEVE THE FOLLOWING: Legislators need to convene in a single location so that all 60 members can vote Gov. Mike Dunleavy's budget vetoes up or down. Every legislator owes it to the public to go on the record on this important vote. 1. 2. Lawmakers need to adopt and adhere to a new Permanent Fund dividend formula that will not draw down unsustainable amounts from the fund's earnings reserve this year, next year or in any future year. 3. The governor's more than S400 million in budget vetoes, when combined with the S1g0 million already cut out of the budget by the Legislature this year, go too far, too fast. Cuts of that size will eliminate critical public services and result in the loss of thousands of jobs, likely pushing Alaska into recession. The public wants a responsible, sustainable budget for years to come. 4. The current stalemate is bad for business and for a healthy Alaska where Alaskans want to live and work. The public needs decisions now, not later. And we need decisions that look long term overlooking short-term politics. Nobody benefits from repeating this debate a year from now. SIGNED: Alaska Bankers Association Joe Beedle, chair, University of Alaska task force on restructuring Barbara Cash, founder, SALT AK Larry S. Cash, CEO, RIM Architects Kyle Griffiths, chief financial officer, F. Robert Bell Associates Jim Jansen, chairman, Lynden Inc. Lana Johnson, senior VP, MSI Communications Karen King, president and CEO, Spawn ldeas Cabriel Kompkoff, president and CEO, Chugach Alaska Corp. Jeff Koonce, principal/founder and owner, KPB Architects Anthony Mallott, president and CEO, Sealaska Corp. Mike Navarre, president, Zan Inc. Kris Norosz, retired director of government affairs, Icicle Seafoods Bill Popp, president and CEO, Anchorage Economic Development Corp. Michael A. Prozeralik, managing principal and owner, KPB Architects Ed Rasmuson, retired, National Bank of Alaska John Rubini, chairman and CEO, JL Properties Gail Schubert, president and CEO, Bering Straits Native Corp. Jae Shin, principal and owner, KPB Architects Preston Simmons, chief executive, Providence Health Services Alaska Julie Taylor, CEO, Alaska Regional Hospital PAID FOR BY JL PROPERTIES AN OPEN LETTER FROM ALASKA BUSINESS LEADERS: As leaders representing diverse industries that provide thousands of jobs and billions of dollars of investment across the state, we ask all of our elected officials to think about Alaska's economic future and its long-term quality of life. We are concerned about the impasse over the operating budget and size of the Permanent Fund dividend. Until we can solve these standoffs, our state's long-term fiscal and political stability is at risk WE BELIEVE THE FOLLOWING: Legislators need to convene in a single location so that all 60 members can vote Gov. Mike Dunleavy's budget vetoes up or down. Every legislator owes it to the public to go on the record on this important vote. 1. 2. Lawmakers need to adopt and adhere to a new Permanent Fund dividend formula that will not draw down unsustainable amounts from the fund's earnings reserve this year, next year or in any future year. 3. The governor's more than S400 million in budget vetoes, when combined with the S1g0 million already cut out of the budget by the Legislature this year, go too far, too fast. Cuts of that size will eliminate critical public services and result in the loss of thousands of jobs, likely pushing Alaska into recession. The public wants a responsible, sustainable budget for years to come. 4. The current stalemate is bad for business and for a healthy Alaska where Alaskans want to live and work. The public needs decisions now, not later. And we need decisions that look long term overlooking short-term politics. Nobody benefits from repeating this debate a year from now. SIGNED: Alaska Bankers Association Joe Beedle, chair, University of Alaska task force on restructuring Barbara Cash, founder, SALT AK Larry S. Cash, CEO, RIM Architects Kyle Griffiths, chief financial officer, F. Robert Bell Associates Jim Jansen, chairman, Lynden Inc. Lana Johnson, senior VP, MSI Communications Karen King, president and CEO, Spawn ldeas Cabriel Kompkoff, president and CEO, Chugach Alaska Corp. Jeff Koonce, principal/founder and owner, KPB Architects Anthony Mallott, president and CEO, Sealaska Corp. Mike Navarre, president, Zan Inc. Kris Norosz, retired director of government affairs, Icicle Seafoods Bill Popp, president and CEO, Anchorage Economic Development Corp. Michael A. Prozeralik, managing principal and owner, KPB Architects Ed Rasmuson, retired, National Bank of Alaska John Rubini, chairman and CEO, JL Properties Gail Schubert, president and CEO, Bering Straits Native Corp. Jae Shin, principal and owner, KPB Architects Preston Simmons, chief executive, Providence Health Services Alaska Julie Taylor, CEO, Alaska Regional Hospital PAID FOR BY JL PROPERTIES