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Checks from Alaska's oil-wealth fund will begin going out to residents three months early, Gov. Mike Dunleavy said, citing economic hardships caused by the coronavirus. “We need to make sure ...
The Senate-advanced proposal this year called for designating 75% of oil fund earnings' draws to government and 25% to dividend checks, and bumping that to a 50/50 split if Alaska generated an ...
Alaska Republican Gov. Mike Dunleavy unveiled a budget plan Thursday that would pay residents an oil-wealth dividend of about $3,400 next year using a formula that lawmakers have all but abandoned ...
From its initial principal of $734,000, the fund has grown to $40 billion as a result of oil royalties and capital investment programs. [27] Starting in 1982, dividends from the fund's annual growth have been paid out each year to eligible Alaskans, ranging from $331.29 in 1984 to $3,269.00 in 2008 (which included a one-time $1200 "Resource ...
In 2012 the oil production of the US increased by 800,000 barrels per day, the highest ever recorded increase in one year since oil drilling began in 1859. [9] In April 2013, US crude production was at a more than 20-year high, aided by the shale gas and tight oil boom; with production near 7.2 million barrels per day. [10]
On March 21, 2020, Ketchikan, a small, coastal town of approximately 8,000 residents located in Southeast Alaska was determined to have a cluster of six COVID-19 cases. The town sheltered in place for the following 14 days. [7] On March 24, 2020, three more cases of COVID-19 were found in Ketchikan, bringing the total there to nine. [8]
Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, allowing it to disperse checks to Alaska residents. The US is considering a sovereign wealth fund.
Republican Alaska Gov. Mike Dunleavy, a former educator, is promoting charter schools and a three-year program that would test whether paying teachers annual bonuses of $5,000 to $15,000 keeps ...