Alaskans’ annual reward is here: $878 simply for living in the state.
State officials on Tuesday announced this year’s payout from Alaska’s oil savings account.
The dividends are handed out annually to all men, women and children who have lived in Alaska for at least one calendar year.
This year’s amount is significantly less than last year’s dividend of $1,174, which was the smallest since 2006. The payout will be distributed Oct. 4.
Alaska has no state income tax, but residents must pay federal taxes on the bounty. What they do with the rest is up to them.
- October 8, 2015- The remnants of Hurricane Oho will bring high winds and heavy rains to southern and central Southeast Alaska on Friday.
- October 8, 2015- The governor acknowledges it will be a challenge, but it was important for him to get his plan on the administration's radar.
- October 8, 2015- Alaska gets close to 2 million visitors a year. More and more of them are visiting the Arctic Circle and beyond.
- October 8, 2015- After retiring from a 30-year career as an English and language arts teacher, guitar player George Gress has become a guitar maker.