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Eligible Alaskans will get the first round of the huge $3,200 in direct payments. The Alaska Legislature embraced a budget earlier this year that includes $3,200 in payouts to qualified people before the end of 2022.
According to Alaska Public Media, the first round of direct payments will start to arrive in bank accounts on September 20. The paper checks will then be sent out in early October.
All the details from the historically high Alaska direct payments
The Alaska state Senate approved a $5,500 payout, but the state House rejected the proposal, according to the article. Hopkins and other lawmakers rejected the $3,850 compromise that negotiators between the two chambers had suggested, leading to the $3,200 total.
Increased payments were said to be necessary due to problems like inflation, rising energy prices, and other issues that were putting a strain on Alaskans’ everyday budgets.
Good news for Alaska residents
According to the newspaper, the $3,200 amount is one of the largest contributions in state history and comes from the Permanent Fund dividend.
The idea was enacted into law by Governor Mike Dunleavy (R-AK) in June as a part of the state’s budget, which was among the biggest in its history.
“This budget is more than a spending plan; it’s a blueprint for Alaska’s future. Budgets should reflect the values and ambitions of the people they are designed for, and I believe this legislation accomplishes that,” Alaska’s governor said.