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Stock impact report

Former Alaska revenue commissioner Crum defends committing $50M in state savings to digital infrastructure firm [Yahoo! Finance]

DigitalBridge Group, Inc. (DBRG) 
Company Research Source: Yahoo! Finance
Crum's decision to commit the funds from the Constitutional Budget Reserve — the state's rainy day fund — later led Gov. Mike Dunleavy to promise a third-party independent review of the investment. It also caused alarm from House Speaker Bryce Edgmon and Senate President Gary Stevens, who in a joint statement said that the investment "raises serious concerns about accountability, transparency, and fiscal responsibility." But Crum, who departed the Dunleavy administration in July and days later announced he was running for governor, said Friday that members of Dunleavy's administration, including the governor himself and top attorneys in the Department of Law, had known about his investment plan for months. Department of Revenue spokesperson Aimee Bushnell said in an email that Crum had informed the governor's office of his plan, but Bushnell declined to answer when she was asked when, exactly, Dunleavy was informed. The governor's office "cautioned that any investments made neede Show less Read more
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