Alaska lawmakers face crunch to pay checks from oil wealth

By Associated Press

Alaska residents don’t know how much money they might get from the state’s oil wealth this year — or even when they might get the unique payout just for living in the state — and many are upset. The Alaska Permanent Fund, seeded with oil money and grown through investments following its creation in 1976, has an estimated value of $81.1 billion. Residents' checks come from the fund's earnings, which lawmakers have leaned on for expenses, with oil revenue a fraction of what it was a decade ago.

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