Gov. Michael Dunleavy said today the exact amount of the Permanent Fund dividend will be $1,606, which is $6 more than the estimated amount that has been talked about in recent months, but $1,400 less than what was legally called for by the statutory formula.
The governor made the announcement today at a press briefing that covered several topics, including the announcement of Rep. Josh Revak as the governor’s next choice for Senate Seat M.
The Legislature allocated approximately $1,013,000,000 for this year’s Permanent Fund dividend, paid to Alaskans who qualify. Gov. Dunleavy has fought for the entire PFD to be paid out to Alaskans, and it has set him at odds with many in the Legislature, including Republicans.
Those who filed online and chose direct deposit will see the funds in their bank accounts about Oct. 3, while paper applicants or those who will take the dividend by state warrant will not see funds until the third week of October or later.