Alaska Permanent Fund Dividend checks will be $900

By Tony Gorman

The Alaska Permanent Fund Dividend on the mend after a few years of economic woes.  Governor Sean Parnell announced, today (Wednesday), the amount for checks will be $900 each.  That’s only $23 up from last year’s amount of $878, which was the smallest since 2005. 

The dividend is based on a five-year average of the Permanent Fund’s investment earnings.  Those investments come from oil tax and revenues which are coming in slower each year. 

To increase revenues and attract more interest, Governor Sean Parnell successfully pushed for an oil tax overhaul that will give oil companies a tax break for investing in the state.  During an appearance on KCHU's Coffee Break, last Friday, Parnell spoke about the overhaul and gave an update on its progress.

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