Voucher,
The State of Alaska is now entering the "post oil" era. If we start ensconcing formulas for Dividend payments into the Constitution how soon until the education and pension formulas are there also?  That simply won't work.  Our small population is not going to be able to generate the necessary tax revenues to maintain the status quo.  I believe we will soon enough need every dime of Permanent Fund earnings just to provide basic government services (and we had better get going on defining those services).  We cannot afford to lock ourselves into a worse fiscal situation with constitutionally mandated formulas. We must allow the Legislature the flexibility to appropriate those funds and let the Governor use the line item veto to control those appropriations.