Does Alaska really give its residents a check once a year for living there?

Question

And what is it called?

Answer 1

It is called the Permenant Fund Dividend (PFD) and it given to residents who:

1) Have lived in the state for a calender year or were born last year. There are generous exceptions for travel, military service, Peace Corps, college students and elected office.

2) Apply for it each year, and

3) Haven't cheated/defrauded the PFD in the past.

The 2005 Dividend amount is $845.76 and will be distributed in October 2006. As another poster alluded to, it is quite a retail feeding frenzy when the checks come out. A couple with four kids gets checks totaling over $5,000. Just for taking up space.

It started at $300 around 1980 and peaked at over $1000 after the stock market bull run of the late 90's. The amount is 50% of a 5-year running average of the earnings on a $25 billion dollar fund orginally created from oil royalities to the State. The other 50% inflation-proofs the fund.

I wish they'd spend it on public schools, but free money is such a popular concept, it will never go away.

Answer 2

Yes, all residents in Alaska get a payment every year, even children. The amount varies from year to year, depending on oil revenue. I was in Alaska a month ago but can't remember what they called this payment, but it comes in the fall. There are a lot of guns and ATVs sold when the checks come in!

Answer 3

Since the state tax revenues are higher than the state budget (because of all the income form oil companies) they send state tax rebates to everyone who is a state resident. The residents pay no state tax so all of the rebate is like a gift from the state.

Answer 4

I stay in Anchorage, AK, i became into born and raised right here. My precise lawsuits approximately living indexed below are: - The long dark winters - this is a minimum of a 4 hour airplane holiday just to get out of the state (to Seattle,WA) and at the same time as we are conversing of airplane rides, it expenses an arm and a leg to pass on a holiday everywhere out of state. - there is no longer lots to do in the wintry climate till you have adequate money to maintain up on snowmachining or snowboarding each weekend, which isn't low priced! those have been my best lawsuits, there are greater, yet i do no longer opt to get into that. The issues i admire maximum approximately living indexed below are: - The summers do no longer compair to the everywhere in the the remainder of the U.S. you won't have the ability to conquer the sunlight hours we get up right here. Sunrises in the previous you awaken, and gadgets long when you have long gone to mattress! - tenting, fishing, 4-wheeling in the mountains, trekking.... it is countless, and lots relaxing! - The environment, the animals, the rivers, the mountains.... it is so notably up right here. regardless of the place you pass.... you notice nature at this is terrific. i ought to pass on.... yet i think of you got the assumption. Oh, and bearing directly to the residences.... right here in Anchorage, there are the flowery wealthy neighborhoods with extensive residences, there are the top middle classification neighborhoods with great residences, the smaller residences, the trailer parks, the "undesirable" areas of city... and there are house homes too, basically no longer great ones, and there are not many.... issues might additionally be somewhat greater costly right here too, yet, the flaws you purchase on the shop are not taxed, so fairly, it is greater fee effective. Yeah, I used to get excited on each occasion I went out of state and went procuring and observed decrease costs..... then they ring it up and that i'm getting mad determining that it is fairly no longer any further fee effective in any respect than procuring in AK is. haha. desire I helped answer your question in some way!

Answer 5

Yes. It is called a Permanent Fund check.

Answer 6

Yes, it comes from the Permanent Fund. Last year it was only about $1000.

Answer 7

They do,about $2000 per person!

Answer 8

I don't know but if so, i moving to alaska

Answer 9

yes

Answer 10

yes