Alaska approved a stimulus package
On June 29, Alaska Governor Mike Dunleavy passed a stimulus package for their residents.
According to the information released by the state government, Alaskans will receive two diverse inflation relief payments.
The government of Alaska will grant those two payments in one check or transaction.
Alaska’s Permanent Fund grants $2,550 for all the oil wealth’s dividends of the state.
According to the data provided by Alaska’s government, the 2022 Permanent Fund payout is the highest dividend since 1982.
Plus, Alaskans will receive a $650 energy relief payment.
The energy relief payment is a one-time check to ease inflation costs.
In 2021, the Alaska Department of Revenue granted $1,114 for the Permanent Fund Dividend.
Due to inflation and oil sales, Alaskans will receive more money in their 2022 checks.
However, when Governor Dunleavy announced the stimulus package, the governor never mentioned a strategy to redistribute the payments.
According to Anchorage Daily News, the residents usually receive their Permanent Fund dividend at the end of October.
Nevertheless, there’s no date for the distribution.
Before Governor Dunleavy signed the proposal, there were non-approved previous plans with a larger relief for Alaskans.
The failed plan had a $5,500 payout. However, the lawmakers didn’t approve the $3.5 billion proposals, as the Alaska Beacon reported.
The second plan included $2,600 in direct payments.
The approved stimulus will have an estimated cost of $2.1 billion.
For obtaining the Permanent Fund dividend you must:
-Be an Alaska resident for the entire calendar year preceding the date you apply for a dividend.
-Intend to remain an Alaska resident indefinitely at the time you apply for a dividend.
-Verify the Alaska Statute 43.23.005 and AS 43.23.008.
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