That's $296 lower than last year's total
of $1,174.
The commissioner said the main reason for that is the continued inclusion of 2009 in the five year average used to calculate the dividend.
He says the year that dropped out, 2008, was a pretty successful year. Fiscal Year 12 was added in which he says only made a couple hundred million dollars.
Butcher says as long as Fiscal Year '09, which lost billions of dollars, remains in the calculation the PFD will be a little lower.
The commissioner said the main reason for that is the continued inclusion of 2009 in the five year average used to calculate the dividend.
He says the year that dropped out, 2008, was a pretty successful year. Fiscal Year 12 was added in which he says only made a couple hundred million dollars.
Butcher says as long as Fiscal Year '09, which lost billions of dollars, remains in the calculation the PFD will be a little lower.
He says next year's dividend will be the
last year that 2009 is part of the five year equation. It will be
replaced by the current year which the commissioner says has been a
pretty good year.
Assuming something catastrophic doesn't occur, the commissioner says the dividend should begin working its way back up.
Direct deposit and the mailing of this year's check is scheduled for Thursday, October 4.
Assuming something catastrophic doesn't occur, the commissioner says the dividend should begin working its way back up.
Direct deposit and the mailing of this year's check is scheduled for Thursday, October 4.
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The Department of Revenue says an estimated 646,805 eligible Alaskans will receive a 2012 Permanent Fund Dividend. The department reports 677,733 applied for the which is an increase of approximately 1,500 applications over 2011.
A total of 515,000 applicants will receive a direct deposit into their bank account, and 85,000 will be mailed a check. Those who chose paper check delivery will have it enter into the mail stream on October 4 in Juneau. The actual delivery date will vary by applicant location.
More than $470 million will be directly deposited into Alaskans' bank accounts this year, with a total distribution, including checks, of $567,338,304.39.
Beginning October 25 and continuing monthly thereafter, applications that become eligible will be paid by either check or direct deposit.
This year marks the 31st dividend paid to Alaskans. The total potential distribution of Permanent Fund Dividends to date is $34,243.41 per person, which does not include the $1,200 Alaska Resource Rebate distributed in 2008.
Following the 2012 dividend payment, the total funds disbursed to Alaskans by the division, including the Resource Rebate, since inception of the dividend program will total approximately $20.1 billion.
The Department of Revenue says an estimated 646,805 eligible Alaskans will receive a 2012 Permanent Fund Dividend. The department reports 677,733 applied for the which is an increase of approximately 1,500 applications over 2011.
A total of 515,000 applicants will receive a direct deposit into their bank account, and 85,000 will be mailed a check. Those who chose paper check delivery will have it enter into the mail stream on October 4 in Juneau. The actual delivery date will vary by applicant location.
More than $470 million will be directly deposited into Alaskans' bank accounts this year, with a total distribution, including checks, of $567,338,304.39.
Beginning October 25 and continuing monthly thereafter, applications that become eligible will be paid by either check or direct deposit.
This year marks the 31st dividend paid to Alaskans. The total potential distribution of Permanent Fund Dividends to date is $34,243.41 per person, which does not include the $1,200 Alaska Resource Rebate distributed in 2008.
Following the 2012 dividend payment, the total funds disbursed to Alaskans by the division, including the Resource Rebate, since inception of the dividend program will total approximately $20.1 billion.
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