One of the largest oil-producing states in the US is reportedly planning to give away billions of dollars as a measure to help people keep up with inflation.
Alaska Governor Mike Dunleavy recently revealed a budget plan for next year that would allocate $2.3 billion to the state’s Permanent Fund Dividend (PFD), reports the Associated Press.
If approved, the PFD will dole out about $3,400 to residents of Alaska under the sole condition that they fill out a simple form.The PFD, which was enacted in 1980, is funded by deposits from the state’s oil and mining revenues. In 2022, Alaska produced […]
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