A measure on the ballot for the Oct. 3 election has sparked debate over the Haines Borough permanent fund’s purpose—whether the principal should function as a “rainy day” savings account during economic disasters, or whether the fund is strictly intended to support the borough through its earnings.
The ballot measure, which the assembly approved in June, asks voters to decide on a one-time, $450,000 draw from the permanent fund to offset unexpected costs associated with…