PFD Announced at $1174 This Year

Governor Sean Parnell (right) displays the amount of this year’s Permanent Fund Dividend check.  Revenue Commissioner Brian Butcher (left) looks on. Photo by Ellen Lockyer, KSKA – Anchorage.

Governor Sean Parnell  opened a triple sealed envelope in Anchorage this (Tuesday) morning to announce this year’s Permanent Fund Dividend amount: $1174

Parnell said this year’s dividend check is healthy but the amount is based on a five year average of the stock market. He warned Alaskans can face lower dividend amounts in the future.

Brian Butcher, Commissioner of the state Department of Revenue, says the state’s savings account has remained strong, despite  world wide economic woes

This year marks the  thirtieth  year of the  Permanent Fund Dividend program, Butcher said.  Over three decades,  19 Billion dollars has been distributed to Alaskans.  The 2011 dividend  total amount of 760.2 million dollars will be distributed among  647,549 eligible Alaskans.  PFD’s on direct deposit will be in bank accounts on Thursday, October 6.  Checks by mail leave Juneau the same day.

The Pick Click Give program, now in it’s third year, resulted in 1.6 million dollars last year to non profits.  Next year’s PFD filing season starts January 1 and ends March. 31.

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