In June 2025, Alaska disclosed a plan to grant a $1,702 stimulus payment to its residents through the Permanent Fund Dividend (PFD) initiative. This step is aimed at boosting residency in the state and offering financial relief to its dwellers during tough economic times.
The PFD initiative, an annual tradition part of the Alaska Permanent Fund, is designed to support thousands of Alaskans. This financial injection hopes to improve the living standards of many, especially those facing financial difficulties, amidst the nation's challenging economy.
It is important to note that this payment is different from the federal stimulus checks issued during the pandemic period. The Alaska Permanent Fund Dividend is a unique venture, redistributing part of the state's oil revenue among its residents.
The $1,702 figure for 2024 combines a base amount of $1,403.83 from the fund itself with an additional $298.17 bonus, making it a significant help for many.
Eligibility for the Payment
Residents aspiring to receive the $1,702 stimulus need to have lived in Alaska throughout 2024 and demonstrate an intention to remain in the state indefinitely. This measure seeks to attract more Americans to Alaska, despite its less favorable climate conditions.
Applicants must also meet other criteria, such as not having spent over 180 days outside the state, not applying for residency elsewhere, and being free of felony convictions.
Payment Schedule
The payment process began with the first set of applications distributed on June 18, 2025. For those applications pending from 2024 and before, labeled as "Eligible - Unpaid" by July 9, 2025, the payments are scheduled for July 17, 2025.
Furthermore, applications still in the "Eligible - Unpaid" status as of August 13, 2025, are set to receive their payments on August 21, 2025.
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