| Residents in Alaska have said they feel 'cheated' after their annual dividend payment was slashed by more than half to $1,022 per person. Each year, all locals receive the checks from the state's oil wealth fund as a reward for living in Alaska for at least a full calendar year.
The Permanent Fund Dividend (PFD) reached a peak amount of $2,072 in 2015. But Governor Bill Walker stepped in and shrunk the amount because of the state's multibillion-dollar budget deficit, a situation exacerbated by low oil prices...........................................Full Article: Source
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