The Institute of Social & Economic Research

The Alaska Citizen's Guide to the Budget

Financial Assistance
provided by:

Fiscal Policy Council of Alaska

Comparisons
Cash on the Street
Labor Cost
Grants to Local Govt
Payments to Individuals
Purchases from Business
Inflation Proofing, etc.
Intragovernmental Charges
Appropriations to COTS
Economic Impact of COTS
 
 
 

 

 

2. Cash on the Street

2.3 Payments to Individuals—$1.693 billion in 1999

The second largest piece of the state budget pie, about $1.7 billion, was paid to Alaskan households. About half of this was delivered through the fall 1998 Permanent Fund dividend that pumped about $850 million into all corners of the Alaskan economy. This infusion of cash was larger than the payroll of any basic sector industry in the state (mining, including oil and gas, had a payroll of $770 million in 1997), and nearly as big as the payroll of the retail trade sector which was $870 million in 1997. It was about 6% of total household income ($15.2 billion in 1997).

The other half was delivered through a number of programs concentrated in the Department of Health and Social Services. Some of this money was paid to the organizations and businesses providing services to Alaskan households. Since they are categorized as grants in the budget, and because the beneficiaries are clearly identified as individual Alaskans, we include them here as payments to individuals.  

State Payments to Individuals
(million $)

TOTAL
$1,693
Permanent Fund Dividend

$853

Medicaid

$381
Public Assistance
$92
Longevity Bonus
$63
Adult Public Assistance
$48
Child Care Benefits
$23
Day Care Assistance
$19
PF Dividend Public Assistance Hold Harmless
$19
Power Cost Equalization
$17
Job Training Partnership
$13
Services for the Chronically Mentally Ill
$11
All Other
$154
Source: 1999 Budget
Site Map
 
Top ^

Next >

Fiscal Policy Papers

About ISER


Institute of Social and Economic Research, University of Alaska Anchorage
Mailing Address: 3211 Providence Drive, Anchorage, Alaska 99508
Physical Address: 4500 Diplomacy Drive, Suite 501, Anchorage, Alaska
 
(907)786-7710

Page Updated April 16, 2003

Other Resources
Send a Comment
 © Copyright 2011, Institute of Social and Economic Research