State PFD Head Worries There May Be No Funds As Early As 2026
Permanent Fund Dividend Apparently In Trouble A July 13th story on KTUU, Alaska's News Source television channel, gave some bad news re...
Permanent Fund Dividend Apparently In Trouble
A July 13th story on KTUU, Alaska's News Source television channel, gave some bad news regarding the Permanent Fund.
The story said that a new study by the PFD Corporation revealed the state may not have funding through the PFD program several years from now for disbursements and use.
There is apparently a very real possibility, according to CEO Deven Mitchell of the Permanent Fund Corporation, that there will be no money for the PFD by the 2026 fiscal year.
This means that although the PFD would exist, it wouldn't have enough for either dividends or for state services, according to KTUU.
The PFD's CEO was quoted by KTUU as saying, "That would be a worst, worst case scenario. A doomsday scenario."
The PFD has done much to help rural Alaskans reduce rates of poverty, according to the KTUU story.
