The issue is this:
As long as there are funds in the PF earnings reserve,   the state is not legally insolvent on meeting it's financial obligations. This portion of the fund will have to be tapped regardless of what we want. Soon after this happens there simply won't be funds for the PFD program.
And there is only one more year of reserve funds in the CBR.
What will soon happen is the PFD will go away and Alaskans won't have much choice in the matter..