Officials in Alaska recently announced that residents will each receive $3,284 from the state’s Permanent Fund Dividend. The fund is paid for by the state’s oil producers.
The fund is open to those who were considered Alaska residents for all of 2021 and who intend to remain in Alaska. The fund also stipulates other certain residency requirements.
“The PFD is equitable since it compensates everyone equally, even future generations, regardless of who’s in power or their political opinions. Finally, the PFD is sustainable since the Permanent Fund can generate returns forever, even if there is no new injection of cash from taxpayers,” said Alaska Gov. Michael Dunleavy.As of 2020, Alaska had the sixth-highest cost of living in the nation, according to the U.S. Bureau of Economic Analysis.
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