Juneau, Alaska (KINY) – Governor Mike Dunleavy announced a higher Permanent Fund Dividend (PFD) than initially approved by lawmakers. The signed budget includes over $230 million in cuts and sets the PFD at approximately $1,718 for each eligible Alaskan, up from the $1,655 agreed upon by the Legislature in May.
The Legislature’s estimate combined a $1,360 PFD and a $295 energy relief check. Senate Rules Chair Sen. Bill Wielechowski explained that the increase is due to higher-than-expected revenues for fiscal year 2024, which ended on June 30.
Anchorage residents have mixed reactions. Jerry Perkins thinks over $1,700 is too much but will still cash the check and use it for winter travel. Sam Bair believes the amount is just right and necessary for covering bills, citing the high cost of living. Becca Veivao feels the PFD should be higher for families in poverty. Julia Lez opposes the PFD, saying it causes contention.
Earlier in the session, there was a divide between House and Senate majority members. The House favored a higher PFD of around $2,300 to address living costs, while the Senate was concerned about potential budget shortfalls and cuts to state services.
