USA finance

Stimulus update: Direct one-time $3,200 check payments to be sent in just two days

September 18, 2022 09:00 AM

In only two days, Alaskan residents will be given a direct one-time payment of over $3,000.

People living in Alaska can receive up to $3,284, courtesy of a provision in the state’s annual budget intended to alleviate financial burdens, especially over the rising costs of everyday items. Most of Alaska’s residents typically receive a yearly dividend from the state’s oil wealth fund in the fall, but this year residents will get the additional payment to combat high energy prices.

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The $3,284 payment has been described by Gov. Mike Dunleavy in a social media post as the biggest one in Alaska history.

Alaska lawmakers had proposed $5,500 payments, but it failed in the Republican-led state House, and the price was brought down to close to $3,200 after negotiations.

“This budget is more than a spending plan. It’s a blueprint for Alaska’s future,” Dunleavy said in a press release. “Budgets should reflect the values and ambitions of the people they are designed for, and I believe this legislation accomplishes that.”

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The direct payments will be distributed on Sept. 20 for those who requested to receive it through direct deposit. Residents who requested their payment through paper checks will need to wait a bit longer until the week of Oct. 3.

“This budget is more than a spending plan. It’s a blueprint for Alaska’s future,” Dunleavy said in a press release. “Budgets should reflect the values and ambitions of the people they are designed for, and I believe this legislation accomplishes that.”

Source: https://www.washingtonexaminer.com/news/stimulus-update-direct-check-payment-sent-two-days

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