This year’s Permanent Fund dividend will be $1,312, according to an announcement by the Alaska Department of Revenue Thursday afternoon.<\/p>\n
Eligible Alaska residents who filed electronically or requested a direct deposit will receive their PFDs the week of Oct. 5. Paper checks can be expected the week of Oct. 26.<\/p>\n
The $1,312 amount is $8 more than what was passed by the Legislature in May. Last year residents received a $3,284 PFD — one of the highest in state history — and included an additional $650 energy relief check.<\/p>\n
It’s estimated more than 600,000 Alaskans are eligible and will receive dividends, according to the department. Eligible residents can check the status of their application at https:\/\/myinfo.pfd.dor.alaska.gov\/home<\/a>.<\/p>\n The amount of this year’s PFD was one of the biggest battles of the legislative session, with Gov. Mike Dunleavy originally proposing a “statutory” dividend of about $3,900 and the Republican-led House majority proposing a dividend of $2,700. But each of those amounts would have resulted in a sizeable deficit in the state budget and, following a stalemate that resulted in a one-day special session<\/a>, legislators agreed on a plan backed by the bipartisan state Senate majority that included a projected $1,304 dividend.<\/p>\n As part of the deal, lawmakers agreed to an extra payment for residents of up to $500 in 2024 if oil prices during the fiscal year ending June 30, 2024, average at least $83 per barrel. Prices were generally below that level during the first few weeks of the fiscal year, but have risen steadily since and been above $90 a barrel during September<\/a>.<\/p>\n • Contact reporter Clarise Larson at clarise.larson@juneauempire.com or (651) 528-1807.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Distribution of payments will begin Oct. 5. <\/p>\n","protected":false},"author":890,"featured_media":102913,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_stopmodifiedupdate":false,"_modified_date":"","wds_primary_category":9,"footnotes":""},"categories":[9,4],"tags":[784],"yst_prominent_words":[],"class_list":["post-102905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-news","tag-permanent-fund"],"_links":{"self":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/102905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/users\/890"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/comments?post=102905"}],"version-history":[{"count":0,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/102905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media\/102913"}],"wp:attachment":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media?parent=102905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/categories?post=102905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/tags?post=102905"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/yst_prominent_words?post=102905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}