Unique payout Alaskans get from oil wealth could be at risk

JUNEAU, Alaska (AP) — Alaska has no income or statewide sales taxes, and it cuts residents a check every year from its oil wealth.

But the future of that unique payout is in question amid low oil prices and an economy battered by the coronavirus pandemic. The size of the check — expected to be about $1,000 this year — has become a political battle in a state that already struggled to pay its bills.

Many of Alaska’s 730,000 people see the money as a right. For some, the checks go toward vacations, vehicles or college savings. For others, they’re a key part of their income, especially in rural a...

 

Reader Comments(0)

 
 
Rendered 07/07/2024 02:25