Alaska residents can look forward to relief for the rising cost of energy and everyday items as the state is set to deliver direct payments to residents as soon as Tuesday.
Eligible residents will receive $3,284 from the annual dividend distribution from the Permanent Fund Dividend, along with additional funds thanks to a provision passed in the annual budget, according to the state.
Payments will be delivered to Alaskans via direct deposit starting on Sept. 20, with all residents receiving the payment by the end of the year. Residents will receive the direct payment either via direct deposit or paper check, with the latter option not being sent out until October.
ONE UNDERAPPRECIATED ECONOMIC INDICATOR IS DEEPLY NEGATIVE
Originally, the state Senate advocated for and passed a $5,500 total direct payment, with supporters of this larger payment saying it would be necessary because of the economic stresses affecting Alaskans, including energy costs. After the House refused to pass the larger payment, leading to an annual budget with the $3,284 payment to be passed by both chambers and signed by Republican Gov. Mike Dunleavy.
“From my first day as your governor, I have been committed to working with legislators on a solution Alaskans agree with that continues to transfer to the people their share of the resource wealth, while preserving essential state services. The two public policy goals are not in conflict with each other, we just need the political will to make it happen,” Dunleavy said about the payments in a press release.
Largest PFD in state history — Alaska’s fair share. $3,284 per eligible Alaskan. pic.twitter.com/ZRZyfOuixP
— Governor Mike Dunleavy (@GovDunleavy) September 8, 2022
Dunleavy said the payments will be the largest annual dividend distribution from the Permanent Fund Dividend in the state’s history.
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The Alaska Permanent Fund has delivered to eligible residents payouts of varying amounts since 1982. More information for the annual dividend distribution from the Permanent Fund Dividend can be found at the state’s website.
