Office Max at the Nugget Mall in the Mendenhall Valley advertised Permanent Fund dividend sales in July 2020. Alaskans have until the end of the month to apply for the PFD. (Peter Segall / Juneau Empire File)

Office Max at the Nugget Mall in the Mendenhall Valley advertised Permanent Fund dividend sales in July 2020. Alaskans have until the end of the month to apply for the PFD. (Peter Segall / Juneau Empire File)

PFD application deadline is next week

Amount in flux as state revenue forecasts lower than expected.

KENAI — Alaskans have until next Friday to file for their 2022 Alaska Permanent Fund dividend. The Alaska Department of Revenue has already received more than 526,000 applications during the current application period, which opened Jan. 1 and will close at the end of the day on March 31.

Alaskans can apply for their PFD through the state’s online application, which will be available online until next Friday or via a paper application, which must be postmarked by March 31. People who have already applied for their dividend can check the status of their application online at myinfo.pfd.dor.alaska.gov.

Dunleavy last December proposed as part of his first draft of Alaska’s fiscal year 2024 budget the use of $2.4 billion or PFD payments. With that amount, the governor’s office estimated $3,800 payments to Alaskans this fall.

Alaska North Slope crude oil was estimated by the Alaska Department of Revenue to be about $71.62 per barrel on Monday.

The Alaska Department of Revenue’s spring forecast, which was published Tuesday, said state revenue for both the current and upcoming fiscal year is lower than expected due to a lower outlook for oil price and production.

Department Commissioner Adam Crum wrote in a Tuesday letter to Dunleavy that the state’s unrestricted general fund revenue forecast for the current fiscal year, which ends on June 30, was reduced by $246 million, while revenue for the upcoming fiscal year, which begins on July 1, was reduced by $679 million.

The same letter said that the permanent fund is expected to transfer $3.4 billion to the state’s general fund for the current fiscal year and $3.5 billion for the next fiscal year.

“The Spring 2023 Revenue Forecast comes during a time of continued uncertainty due to recent geopolitical and financial events, causing volatile market conditions,” Crum wrote. “It is important to note this forecast represents one plausible scenario within a range of potential outcomes.”

More information about Alaska’s current budget process and revenue forecasts can be found on the state Office of Management and Budget at omb.alaska.gov/fiscal-year-2024-amended-budget.

• Contact reporter Ashlyn O’Hara at ashlyn.ohara@peninsulaclarion.com.

More in News

Jasmine Chavez, a crew member aboard the Quantum of the Seas cruise ship, waves to her family during a cell phone conversation after disembarking from the ship at Marine Park on May 10. (Mark Sabbatini / Juneau Empire file photo)
Ships in port for the week of July 6

Here’s what to expect this week.

Disney Williams (right) orders coffee from Lorelai Bingham from the Flying Squirrel coffee stand at Juneau International Airport on Thursday. (Mark Sabbatini / Juneau Empire)
New coffee stand at airport stirs up heated dispute about having proper authorization to operate

Fans of Flying Squirrel Espresso praise location, hours; officials say FAA violations could be costly.

Nano Brooks and Emily Mesch file for candidacy on Friday at the City and Borough of Juneau Municipal Clerk’s office in City Hall. (Jasz Garrett / Juneau Empire)
City and Borough of Juneau regular municipal election candidate filing period opens

So far, most vie for Assembly District 2 seat — mayor, Board of Education, and District 1 also open.

Killah Priest performs at the Juneau Arts and Culture Center in December 2019. (Photo courtesy of Lance Mitchell)
Killah Priest sets new record with Alaskan artists on ‘Killah Borealis’

Wu-Tang Clan rapper seeks to lift Alaskan voices and culture in his return performance to Juneau

(Michael Penn / Juneau Empire file photo)
Police calls for Wednesday, July 10, 2024

For Wednesday, July 10 Attempt to Serve At 10:06 a.m. on Wednesday,… Continue reading

Commercial fishing boats are lined up at the dock at Seward’s harbor on June 22. Federal grants totaling a bit over $5 million have been awarded to the Alaska Seafood Marketing Institute to help Alaskans sell more fish to more diverse groups of consumers. (Yereth Rosen/Alaska Beacon)
Federal grants to state agency aim to expand markets for Alaska seafood

More than $5M to help ASMI comes after Gov. Dunleavy vetoed $10M for agency.

Gov. Mike Dunleavy holds up the omnibus crime bill, House Bill 66, after signing it at a ceremony Thursday at the Department of Public Safety’s aircraft hangar at Lake Hood in Anchorage. At his side are Sandy Snodgrass, whose 22-year-old son died in 2021 from a fentanyl overdose, and Angela Harris, who was stabbed in 2022 by a mentally disturbed man at the public library in Anchorage and injured so badly that she now uses a wheelchair. Snodgrass and Harris advocated for provisions in the bill.Behind them are legislators, law enforcement officers and others. (Yereth Rosen/Alaska Beacon)
Goals for new Alaska crime law range from harsher penalties for drug dealers to reducing recidivism

Some celebrate major progress on state’s thorniest crime issues while others criticize the methods.

Juneau Board of Education President Deedie Sorensen (left) and Vice President Emil Mackey, holding his son Emil Mackey IV, listen to discussion about next year’s budget for the school district during a meeting March 14 at Juneau-Douglas High School: Yadaa.at Kalé. Recall votes for both board members were certified this week for the Oct. 1 municipal election ballot. (Mark Sabbatini / Juneau Empire file photo)
Petitions to recall two Juneau school board leaders get enough signatures for Oct. 1 election ballot

President Deedie Sorensen, Vice President Emil Mackey targeted due to school district’s budget crisis.

Most Read