Alaskans Get $900 This Year in Oil Checks

They got double that before the recession hit

By Newser Editors and Wire Services

Posted Sep 18, 2013 5:46 PM CDT

(Newser) – Nearly every Alaska resident will receive $900 for their share of the state's oil wealth, a nice sum to be sure, but nowhere near the amount of the checks before the recession. The amount of each person's check is based on a five-year rolling average of worldwide markets, which includes the recession years that were more widely felt outside Alaska. This year's amount was a bit larger than last year, but still far from the record payout of $2,069 in 2008.

The yearly Permanent Fund Dividend amount is made with great fanfare in downtown Anchorage. Acting Revenue Commissioner Angela Rodell made this year's announcement, saying nearly 593,000 Alaskans will receive their checks next month. The money, about $576 million total, will be distributed Oct. 3. About 507,000 Alaskans will receive the money through direct deposit that day, and another 86,000 checks will be mailed from Juneau for those that chose paper delivery.

Acting Alaska Department of Revenue Commissioner Angela Rodell announces this year's amount.   (Dan Joling)
BP workers, in the background, work on an oil transit pipeline at the Prudhoe Bay oil field on Alaska's North Slope.   (AP Photo/Al Grillo)
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