Nearly every Alaskan got a $3,000 payment on Tuesday. The money comes from Alaska's investment fund, which accrues from the state's oil riches, and includes a one-time benefit to help people with high energy costs.
The timing of the checks couldn’t have come at a better time for those living on the state’s vast western coast, which was devastated last weekend by the remnants of Typhoon Merbok. Damage to homes and infrastructure was widespread along a 1,000 miles of coastline.
“Even people that didn’t have damage, with the inflation up here, that’s really, really hitting hard,” he said.Farley said gas is $7 a gallon and will remain that way until the next shipment arrives next spring because barges can’t deliver once the Bering Sea freezes. 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.
Mildred Jonathan, 74, and her husband, Alfred, 79, live about 100 miles west of the Canadian border in the interior Alaska village of Tanacross.
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