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.
- The amount of proposed state spending directly controlled by the legislature was projected to be nearly 25 percent more per person than any other state in the current fiscal year.
- Low-level, low-risk offenders have an opportunity for a fresh start with a clean slate after their case is dismissed as part of a suspended entry of judgment, a new form of deferred prosecution.
- Some of Sanders’ Alaska delegates reacted to his endorsement of Clinton with a mix of sadness and pragmatism.
- If you’re a berry picker in Southeast, you may have noticed it’s been a particularly good season for salmonberries and other varieties.