Alaska’s Department of Revenue announced the calculation of the 2023 Permanent Fund Dividend (PFD) as $1,312, which is substantially smaller than the record sized $3,284 dividend in 2022. That included a $650 energy relief check that state lawmakers approved.
Former Gov. Bill Walker dramatically reduced Alaskans’ PFD checks in 2016 by fundamentally changing the way the annual payouts are conducted. Prior to 2016, when Walker vetoed about half of the statutory PFD, the amount was always calculated on a fixed transfer of money to Alaskans based on the Permanent Fund’s earnings. Now the annual payout is a highly politicized process determined by a vote of the State Legislature.
The amount of the 2023 PFD was calculated by utilizing the amount “available for distribution” from the Permanent Fund earnings account and dividing it by the number of eligible applicants. For the 2023 PFD, the Legislature voted to allocate $881,521,963 for distribution. Over 600,000 Alaskans have already been determined eligible.
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This year, the state processed over 8,000 more applications than in 2022. The 2023 PFD will inject nearly $1 billion into the state’s economy.
For 2023 PFD applications that were filed electronically, requested direct deposit, and are in “Eligible-Not Paid” status as of September 21, 2023, payment will be disbursed on October 5, 2023.
For 2023 PFD applications that are in “Eligible-Not Paid” status as of October 18, 2023, payment will be disbursed on October 26, 2023. This includes 2023 paper and electronic applications, requested direct deposit and check payments.
Alaskans are encouraged to use the state’s website, MyPFD, to check the status of their PFD application.
20 Comments
So Walker has been gone for at least 5 years, why are we still dealing with his crap? I say we need to go back to the old way before Walker and tge state can learn like we all have to live with in their means. If you don’t have tge money you don’t get your pet project. Its that simple.
Stop the bs of of blaming the previous Governor Walker. Dunleavy has had two terms and his accomplishments are what? If you need more explanation than this go see mayor Bronson, he’s got a one way prepaid ticket for you!
Agree
I don’t care who’s in office, it’s the law to a full PFD.
Yes Dunleavy is not standing tall. He’s under some rock hiding.
Dunleavy got his second term, he doesn’t have to do keep his promises.
Should have been at least twice that with a 50/50 split between the SOA and the PFD eligible residents of Alaska using the 5 year rolling average of the earnings of the Permanent Fund. Stock market goes up, we all get more, stock market goes down, we all get less. Legislators can’t live within those parameters, find money elsewhere. No AK crude oil pricing/barrel of POMV required or needed.
Just more theft of the people
ITS ALL DUNNOTHINGLEAVY…NOW… HIS PROMISE HIS LIE.
Shame on you dunleavy!
I DO blame Walker. He made the steal that is now institutionalized. And the politicians forever want more to please their donors, with little regard for how average Alaskans are hurting from Bidenomics.
Yes, Dunleavy could at least attempt to restore the old formula, but this, along with many other ugly things is a Walker legacy pure and simple. What a charlatan!
Shame on Alaska!! The people are struggling to pay for food and gas!! Just put oil in the stove it’s sad that we can’t afford to pay our bills but Alaska found a way to pay for pet projects.
So the government owes you unrestricted money? Clear socialism.
No, the Alaska State Constitution clearly states the formula regarding the PFD payments. The Alaska State Constitution is being violated, and since it is established, in unambiguous text, it is the “law”. If they don’t like the law, call another state constitutional convention, and amend, or abolish “the law”. Bottom line; there are no provisions for “unrestricted Money”. We simply want the “government” to follow the law(s) already embedded.
Dunleavy and zinc need to be arrested
Finally, people are starting to make drops on the internet about oil being renewable. The truth is slowly coming out.
https://twitter.com/MAVERIC68078049/status/1704934598323667243
Dear Lucy, When you invest in the stock market, is it okay with you if your broker absconds with your money? The PFD does not belong to the government. It belongs to Alaskan residents. …….
So AK Gov has a wad of cash in their hand and we hold our hands out for what is legally our share. Gove says, ” OK, here is one for you and 2 for me.”
I really dislike our government. I can’t for the life of me figure out how they keep getting reelected.
That’s simple! There are at least three individuals who know specifically why! Nancy Dalhstrom, Kevin Myer, and Mike Dunleavy! The system is rigged. Tom Fitton of judicial watch is on their tails!
Correction: The Dividend formula is NOT in the Constitution. Rather, it was the Alaska Constitution (I document I refer to as: Despicable!) that allowed Gov Walker to veto the statutory formula approved amount. Read Wieleowski vs SoA and you’ll understand why the courts upheld the veto. I don’t like the decision, but I do agree with the findings.
Bannock: The Permanent Fund was established in 1976 within the Alaska Constitution. No legal changes to the Alaska Constitution have occurred with respect to formula.
How is it we’re still allowing the legislature to arbitrarily decide PFD amounts?
Another, more important question; I thought I’d read that the population of Alaska has decreased over the last couple of years. Yet there are 8,000 more applicants?