Stimulus update: Direct payment worth $1,312 from Alaska fund being sent in eight days

Another batch of one-time direct payments from the Permanent Fund Dividend is set to be sent out to more eligible Alaska residents who have yet to receive theirs from the program.

The next round of checks, worth $1,312 per resident for 2023, will go out to eligible Alaskans on Dec. 14, according to the state Department of Revenue.

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The checks being sent out this month will go to residents who have the “Eligible-Not Paid” status on Wednesday and have yet to receive their 2023 or earlier payments from the state program. Two large swaths of eligible residents already received their checks for this year during the first two mass disbursements on Oct. 5 and Oct. 18, with a subsequent round of payments being sent to another batch of remaining eligible residents in November.

The Permanent Fund Dividend amount for each year is determined by mineral revenues for Alaska for that respective year. State officials say the program is meant to benefit current and future generations of residents in Alaska.

“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth,” Alaska Department of Revenue Commissioner Adam Crum said in a statement. “I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications.

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“This year, we processed over 8,000 more applications than in 2022,” Crum continued. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”

An applicant must be someone who intends to remain a resident of Alaska indefinitely and is not a convicted felon. Alaska residents can apply for the payments from Jan. 1 to March 31 of each year for the annual payment.