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

Alaska is slated to send another batch of one-time direct payments from the Permanent Fund Dividend to residents who have yet to receive their payments from the program.

The next round of payments to eligible Alaskans is scheduled to be sent out on Dec. 14, with the payments for 2023 being worth $1,312 per resident, according to the state Department of Revenue.

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The disbursement 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 groups 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 amount sent to residents from the Permanent Fund Dividend each year is based on mineral revenues for the state that year. State officials say the program is meant “to benefit current and future generations.”

To qualify for the payment, an applicant must be an Alaska resident who intends to remain a resident of the state 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.

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“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.

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