In 2016 every Alaskan resident received a check for $1,022 as part of the Alaska Permanent Fund. Since 1976 permanent citizens are awarded a small portion of the state’s $55 billion oil fund. As part of an agreement with the Trans-Alaska Pipeline System, legislators created a constitutional amendment to ensure that residents profit from the black liquid, as well as give them a financial cushion for when the reserves are inevitably tapped.
Not all governing bodies are so generous, and this one is not without controversy. Last year the dividend was an estimated $2,052 until Governor Bill Walker chopped it […]
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