Governor Sean Parnell revealed the amount of this year’s Permanent Fund Dividend in Anchorage on Tuesday morning. Cameras clicked away as he held up a large white card with the printed amount of $1174, followed by applause. This year’s dividend is $107 less than last year’s dividend of $1281.
The dividend is calculated as a share of each Alaskan’s share of the state’s oil wealth savings account, the Alaska Permanent Fund, which invests a portion of state’s oil revenues in stocks, bonds, and real estate. The dividend amount is based on a formula that includes an average of the last five years of realized earnings divided by the number of eligible Alaskans.
Department of Revenue Commissioner Bryan Butcher says the Fund has weathered several rough years by ending the fiscal year 2011 with a total value of $40 billion, the highest ever in state history.
“2008 took quite a beating all across country with investments and because of what happened on Wall Street,” said Butcher. “But we bounced back quite nicely from that.”
This year, Butcher says a total of $760.2 million in dividends is being paid out to 647,549 Alaskans.
Almost 535,000 Alaskans will receive dividends by direct deposit on October 6th. Butcher says paper checks will go out the same day to nearly 93,000 Alaskans.
Governor Parnell says the Pick Click Give charitable deduction program set aside the most amount of money ever – nearly $1.6 million is going out to about 400 non-profits and charities statewide in only the third year of the program.
- Trump nominated Bryan Schroder for the post, the acting head of the Alaska district since Karen Loeffler and 45 other U.S. attorneys appointed by former President Barack Obama were asked to resign after Trump's election.
- A Senate spokesman says the third special session is likely to start Thursday, July 27, in Juneau, and it's expected to last one or two days. The House and Senate indicated an agreement had been reached.
- The BBC and PBS are teaming up on a special series of live, prime-time nature programs showcasing Alaska’s wildlife to tens of millions of people around the world. Cutting edge technology and a lot of luck goes into the high stakes production.
- The three-member Juneau Assembly mining task force is seeking to add two planning commissioners and two members of the public. The group is studying a proposal to streamline the city's mining review process.