Alaskans get $1,174 (yearly) checks from state's oil wealth

Newsminer ^ | 10/06/11

[Libloather]

Alaskans get $1,174 checks from state's oil wealth
The Associated Press
Oct 06, 2011

ANCHORAGE, Alaska - Most Alaskans will be getting $1,174 in Permanent Fund dividends on Thursday.

**SNIP**

Voters passed a constitutional amendment in 1976 to establish the Permanent Fund as a way to stretch out the state's oil wealth for future generations.

[thackney]

they need to be residents for 2 years ( I believe)

They need to be a resident for the entire previous year. I lived in Alaska for 4 years.

[Gaffer]

I think the oil company payments are even more generous than that. I met a couple at LAX one time who were Alaskans
just coming home from Vegas. They each got more than that, plus an Alaskan resident woman with a child under 5 gets a good payment....have a kid every five years = no need for a job....

Native Alaskans (ethnic) get much much more they told me.

[thackney]

Permanent Fund Payments vary every year, but they are exactly the same for every man, woman or child who was and a resident the previous year.

[thackney]

THE PERMANENT FUND DIVIDEND
http://www.apfc.org/home/Content/dividend/dividend.cfm

[Gaffer]

Maybe for the PFP, but doesn’t Alaska subsidize ‘motherhood’ too?

[thackney]

There are lots of social programs not related to the PFD.

I didn’t realize you were trying to introduce a new topic.

[thackney]

Alaskan resident woman with a child under 5 gets a good payment

There may be social welfare programs to pay low income supplementary support for children, but when we lived in Alaska with a child from age 2 and up, we never received any payments or heard any discussion of it from any of our friends with children.

We were fairly active in our church, particularly with children programs and helped support some that were not well off. I would have thought that if any standard program existed as you described, we would have heard of it.

[Gaffer]

This was just something that the couple I spoke with mentioned. It was in the context of solely being Alaskan residents, not just any US citizen.

[thackney]

We received the PFD for our children as well. If they counted that it would sound like a lot more when you talk about a family versus individual payment.

[LibLieSlayer]

Thanks thackney... I knew that I just wanted someone else to post it and you did. Thanks! The money belongs to the people of Alaska... and I would bet that the Alaskan public gets more Capitalism out of their part of it than the government does.

LLS

[thackney]

Alaskan public gets more Capitalism out of their part

I know when we lived there, in the month before and after the payment is made, ads for big screen TV's and down payments for a new car flood the TV and newspapers.

[Will88]

And just think there are a number of other states who could do the same if they were as smart as Alaskans. Drill baby, drill!!!!

Not really. Alaska has huge crude oil reserves and a small population, a ratio no other state would even remotely approach.

[strongbow]

I made the huge mistake of dropping by Costco while in Los Anchorage last week. I had business in town and just wanted to check out the price on something. After wading through lines of baskets at every open checkout counter I realized what day it was. Obviously I exited asap. You could not pay me enough to go to WalMart on PFD day either

[strongbow]

"Another Palin dividend! "

You have got to be joking

[Vinnie]

...Alaska secedes from the union, elects Sarah Palin president...

I like it . Ready to move.(summer home)

[elpadre]

I don't know, but what about off shore? I recall the VA governor stating off shore drilling would be a bonanza for the state treasury - or words to that effect.

[thackney]

In the state boundary, 3 miles I believe for Virgina, that mineral right would go to the State.

The biggest bonanza for the state would not be the royalty payments for that portion, but the job growth for 3 miles and beyond.

There is a lot of support industry for those offshore platforms, including the facilities that get built on-shore to handle the oil and gas produced.

[redhead]

"This was just something that the couple I spoke with mentioned."

They were probably trying to express the fact that even babies receive a dividend payout. A family with five children, for instance, will receive seven dividend checks. But a bachelor or a widow is only entitled to receive one dividend "share" per year.