Permanent Fund dividends hit the streets

Permanent Fund dividends hit the streets

$940 million roll into bank accounts; cash registers jingle

About $940 million rolled into Alaskans’ bank accounts Oct. 4 with the state’s 2018 Permanent Fund dividend electronic deposits. This set cash registers ringing around the state, mainly in retail stores. Payments subsequently made by check will bring the total to over $1 billion. About 640,000 Alaskans will receive the PFDs this year, state officials said. Beefing up the dividend is being promised by both major candidates for governor this year. Their proposals would have add another $800 million or do this year, but to the detriment of the state budget.

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