Alaskans this week will start receiving their $3,284 payout from the state treasury, a combination of a large Permanent Fund dividend ($2,622) and a one-time bonus ($662) to help people pay higher energy costs.

The payment is almost triple the size of last year’s dividend.

Two reasons for the generosity: This is an election year, and oil prices for the state fiscal year that ended June 30 were almost 70% higher than the previous year, generating more than $2 billion in additional dollars for the state general fund. That fund pays for schools, roads, airports, the university, state trooper...