Governor Mike Dunleavy today submitted a budget amendment to the Alaska Legislature that fully funds the 2019 Permanent Fund Dividend. If approved by lawmakers this session, every eligible Alaskan would receive a PFD payment of $1,304.00 as called for in state statute.
“I made a promise to Alaskans that I would always follow the law, and part of that promise includes a full statutory PFD payment,” said Governor Dunleavy. “The hope was this issue would be resolved in a special session last fall.”
The supplemental appropriation for the 2019 PFD totals $815 million and would be funded through the Alaska Permanent Fund’s Earning Reserve Account. The earnings reserve account’s current balance is $18 billion.