The amount of this year’s Permanent Fund Dividend will be announced on Sept. 18.
Acting Revenue Commissioner Angela Rodell will reveal the much-anticipated total at an event in Anchorage.
Last year’s dividend was $878, the lowest since 2005. The historical low came in 1984, when individual checks totaled $331.
The checks are distributed in early October.
To qualify for a PFD, a person must have lived in the state for the entire calendar year before applying for a dividend, with the intent to remain indefinitely.
The dividend calculation is based on a five-year average of the Permanent Fund’s investment returns.
Last year, 610,633 dividends were paid to qualified Alaskans.
The Alaska Permanent Fund was created in the state constitution in 1976 as a savings for at least 25 percent of the state’s oil revenue. The Fund is invested in public and private assets around the world.
- Last week, the cruise ship Crystal Serenity sailed into Nome and 850 of the cruise ship’s passengers were ferried in from the offshore vessel and took the day to tour the city, but some business owners say their expectations for hypothetical increase in profits for the day weren’t met.
- New signage is being installed at Foodland IGA in downtown Juneau. Store director Rick Wilson anticipates the work will be done Tuesday afternoon.
- The city of Sitka announced Monday, Aug. 29, that the Gavan Hill area, including Keet Gooshi Heen Elementary School, may be at risk for landslides. Shannon & Wilson, a Seattle-based geotechnical firm, identified the landslide hazard zones during an assessment of the area.
- As of Monday, the Ketchikan Youth Facility slated for closure had seven kids in it and the Johnson Youth Center had four.