The Haines Borough Assembly is considering whether it should raise the cap on permanent fund stock investments from 25 to 50 percent.
The ordinance, which the assembly introduced last week, would only raise the potential amount of the fund that can be invested in stocks. It won’t actually increase the borough’s investment in stocks, said chief fiscal officer Jila Stuart.
“The finance committee wanted to increase the cap placed on equities in the code, but…
