Briefly, the state of Alaska owns the oilfields in Alaska and makes money from selling the oil. That money is then partially disbursed to people living in the state.
The actual payment has varied over time (with oil prices, mostly), peaking at $3269/person/year in 2008 but was only $878/person/year in 2012.
The actual payment has varied over time (with oil prices, mostly), peaking at $3269/person/year in 2008 but was only $878/person/year in 2012.
https://www.opendemocracy.net/en/opendemocracyuk/alaska-mode...
[former Alaska resident]