Alaska to make reduced payout to residents from oil fund

Signs meant to entice recipients of payouts from the state’s Permanent Fund Dividend Division, also known as PFD, advertise a sale in Anchorage, Alaska, Wednesday, Oct. 4, 2017. Nearly every Alaskan will wake up $1,100 richer on Thursday, thanks to this year’s payout from the state’s oil wealth investment fund. The distribution from the Alaska Permanent Fund is essentially free money for residents, who already don’t pay a state income tax or statewide sales tax. (AP Photo/Mark Thiessen)


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