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Plain-English news and analysis on the Fund — what's happening, what it means, and what's at stake for the next generation of Alaskans.

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June 10, 2026Big picture

A dividend for the automation age: the PFD as a basic income

As automation reshapes wages, Alaska's 40-year-old experiment in paying everyone a resource dividend is getting a fresh look from economists worldwide. What the evidence actually shows.

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March 13, 2026Markets

When the world moves our Fund: oil shocks and stock markets

A 2026 oil-price spike pushed Alaska's revenue forecast higher — but it's a reminder that the Fund now rises and falls with global markets, not just the North Slope.

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December 15, 2025Protect the Fund

The quietest cut in Juneau: skipping inflation-proofing

It never makes the front page, but failing to inflation-proof the Fund may be the most consequential thing the Legislature does — or doesn't do — all year.

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September 26, 2025Performance

FY2025: a 9.4% return — and the question we keep dodging

The Fund earned a solid 9.4% last fiscal year. Good news — but a strong return means little if we let inflation and over-draws erode the Fund underneath it.

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September 19, 2025Dividend

A $1,000 dividend — and the fight behind the number

The 2025 dividend came in at $1,000. Behind that round number is the same unresolved question Alaska has wrestled with for a decade: who decides, and by what rule?

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September 2022Milestone

2022: the record $3,284 dividend

High oil prices and an election year produced the largest payout in PFD history. A good moment for families — and a textbook case of how booms tempt the state to spend rather than save.

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September 2016Turning point

2016: the veto that changed the dividend forever

Gov. Walker vetoed half the dividend, the courts upheld it, and the PFD became an annual political fight. The single most important hinge in the modern Fund debate.

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August 2008History

2008: the year of the $1,200 "resource rebate"

Soaring oil prices led Alaska to add a one-time bonus on top of the dividend — about $3,269 per person — and a lesson about the politics of a windfall.

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June 14, 1982History

1982: the first dividend, and a Supreme Court fix

Alaska's first dividend plan paid more to longtime residents — until the U.S. Supreme Court struck it down. How the PFD became one equal check for every Alaskan.

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November 1976History

1976: the year Alaskans chose to save

The story of Gov. Jay Hammond's big idea and the constitutional vote — 75,588 to 38,518 — that created the Permanent Fund and locked oil wealth away for the future.

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Posts reflect the views of this independent project and are offered for civic education. Each links to its original sources. Want a topic covered? Get in touch.