Alaskan residents will receive a direct one-time payment of over $3,000 in six days.
Residents can receive up to $3,284, courtesy of a provision in Alaska’s annual budget that aims to alleviate financial burdens, particularly the rising costs of everyday items.
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The direct payments will be distributed on Sept. 20 for those who requested direct deposit and the week of Oct. 3 for those who requested paper checks.
Most of Alaska’s residents typically receive a yearly dividend from the state’s oil wealth fund in the fall. However, this year, residents will get the additional payment to combat high energy prices.
Originally, state lawmakers proposed a $5,500 payment, but it failed in the Republican-led state House. After negotiations, the price was brought down to close to $3,200.
The state Department of Revenue said it is reviewing over 78,000 applications to determine who is eligible.
Gov. Mike Dunleavy said in a Tweet that this $3,284 payout is the largest in state history.
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“This budget is more than a spending plan; it’s a blueprint for Alaska’s future,” Dunleavy said in a press release. “Budgets should reflect the values and ambitions of the people they are designed for, and I believe this legislation accomplishes that.”
