2022 Permanent Fund Dividend Hits Record $3,284.00 – Mike Dunleavy
Governor Mike Dunleavy today announced that the 2022 permanent fund dividend will be $3,284.00. This makes this year’s dividend the largest in the program’s 41-year history. Alaskans who selected direct deposit on their application will receive their dividend beginning Tuesday, September 20. All other applications and disbursement methods that have been determined by September 28, including applicants receiving a paper check, will be distributed beginning the week of October 6.
Gov. Mike Dunleavy decided to release this year’s PFD early so Alaskans can get some badly needed economic relief from runaway inflation. The amount was announced at the Three Bears Alaska store in Palmer. The governor was joined by Miranda Wagoner, a young mother who relies on the PFD to make ends meet and fund her children’s education.
“I know there’s a lot of politics and debate around PFDs, but to me it’s not a political issue,” said Alaskan Miranda Wagoner. “For me personally, it’s important that I get my PFD because it’s the law and it will help me and my children move forward.
The 2022 PFD will inject $2.1 billion into the state’s economy. For small business owners, this means a welcome spike in economic activity for the rest of the year.
“Cash injections into the local economy will always be a boon for small businesses. Whether it’s buying fuel oil for the winter, running back-to-school groceries for their kids, shopping early for the holidays, or making those big purchases they put off all summer, local businesses across the state benefit when Alaskans have PFD money in their pockets,” said Jessica Viera, executive director of the Wasilla Chamber of Commerce.
“The PFD at $3,284, or a total of $13,000 for a family of four, can go a long way towards offsetting the record energy and food costs we are experiencing, preparing for winter, to pay off our debts, save for college, or for a number of other purposes,” Governor Dunleavy said. “Alaskans should remember that the amount was not determined by the traditional PFD formula — or any other formula. It was a political decision made in the Capitol building during the legislative session. My position on the PFD statutory formula has been consistent: the legislature must either follow the law or change it, and if the law is changed, it must be done with the consent of the people.
From my first day as your governor, I have been committed to working with lawmakers on a solution that Alaskans agree with and that continues to transfer their share of resource wealth to the people, while preserving services. state essentials. The two public policy goals are not in conflict with each other, we just need the political will to make it happen.
Alaskans are encouraged to use the state website, MyPFD, to check the status of their PFD application.