Governor Mike Dunleavy of Alaska has increased the state’s Permanent Fund Dividend (PFD) to approximately $1,718 per eligible resident, up from the previously approved $1,655, due to higher-than-expected revenue post-fiscal year-end.
Alaska Raises Permanent Fund Dividend to $1,718: How to Apply and Key Deadlines
According to Marca, Governor Mike Dunleavy of Alaska recently announced an increase in the Permanent Fund Dividend (PFD) to about $1,718 per eligible resident. This is higher than the $1,655 approved earlier by the legislature due to better-than-expected revenue after the fiscal year ended.
Alaskans must apply for the Permanent Fund Dividend by March 31 each year, except for special cases like disability or military service. Applications are online through the official website, where they can use an existing myAlaska account or create a new one, receiving a Confirmation Number upon submission.
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$1,718: Alaska Residents to Receive Record-Breaking Permanent Fund Dividend – Application Deadline Approaching! (PHOTO: Alaska’s News Source)
Understanding Alaska’s Permanent Fund Dividend Eligibility Requirements and Distribution Goals
To qualify for the Permanent Fund Dividend, applicants must have been Alaska residents throughout the previous calendar year and plan to stay indefinitely. Eligibility details are in Alaska Statute 43.23.005 and AS 43.23.008, focusing on residency in the year before applying (e.g., 2023 for 2024 applications). The program distributes financial support from Alaska’s Permanent Fund annually to eligible residents.
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