Unique payout Alaskans get from oil wealth could be at risk

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Thursday, May 14th, 2020 6:15am

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JUNEAU, Alaska (AP) — Alaska's unique program of giving residents a check from its oil wealth every year is in jeopardy.

The energy-dependent state faces low oil prices and an economy battered by the coronavirus.

An economist said without significant new revenue, sharp budget cuts or other measures, the oil checks could go away.

Many Alaskans see the money as a right and don't pay income or statewide sales taxes.

Some use their checks for vacations or college savings.

Others need it to make ends meet, especially in rural areas where milk and laundry detergent have to be flown or shipped in and can be expensive. 

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