Alaska will give each resident more than $3,200 from oil producers

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Alaska officials recently announced that each resident will receive $3,284 in dividends from the state’s permanent fund. The fund is paid for by state-owned oil producers.

The fund is open to those who were considered Alaska residents throughout 2021 and who intend to remain in Alaska. The Foundation also imposes certain other residency requirements.

The foundation is open to children and adults.

The Permanent Dividend Fund was established in 1976.

“The PFD is fair because it compensates everyone equally, even future generations, regardless of who is in power and their political views. Finally, the PFD is sustainable because the Permanent Fund can generate income at all times, even if there are no new cash injections from taxpayers,” said Alaska Governor Michael Dunleavy.

The fund fluctuates every year. Dividends in 2022 are almost three times higher than in 2021.

According to the US Bureau of Economic Analysis, in 2020, Alaska had the sixth highest cost of living in the country.

Source by [author_name]

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