Nearly every single Alaskan got a financial windfall amounting to more than $3,000 Tuesday
, the day the state began distributing payments from Alaska’s investment fund that has been seeded with money from the state’s oil riches.
“We’re experiencing record high inflation that we haven’t seen since the first PFD was paid in 1982,” Gov. Mike Dunleavy said in a video. “Alaskans have been bearing the brunt of this inflation from the gas pump to the grocery store, and this year’s PFD will provide much needed relief as we head into winter.”
“Even people that didn’t have damage, with the inflation up here, that’s really, really hitting hard,” he said. The oil-wealth check, which some in Alaska see as an entitlement, typically is derived from the earnings of the nest-egg investment account. The diversified fund was established during construction of the trans-Alaska pipeline in the 1970s and now is worth $73.6 billion.
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