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ALASKA

Alaska

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    • Budget timeframe: Annual

      Fiscal Year begins: July 1

      The current state budget can be found here.

      Find the current legislative leaders here.

      Find the legislative session calendar here.


      Alaska Gov. ParnellAlaska Gov. Parnell
      Office of Governor Sean Parnell
      State Capitol
      P.O. Box 110001
      Juneau, AK 99811-0001
      Phone: (907) 465-3500
      Fax: (907) 465-3532
      http://gov.state.ak.us/

       

      Karen Rehfeld, Director of Office of Management & Budget
      Office of Management & Budget
      P.O. Box 110020
      Juneau, AK 99811-0020
      Phone (907) 465-4660
      Fax: (907) 465-3008
      Karen.Rehfeld@alaska.gov


      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report compiled by the state government, and click here for information on the state's pension liabilities. 

       

      Alaska is required to pass a "balanced budget." Section 37.07.020 of the state law mandates proposed expenditures may not exceed estimated revenue for the succeeding fiscal year. Section 37.07.014(e) commands the legislature to modify estimated receipts and revenues to ensure a balanced budget. Alaska law forbids the carrying over of a deficit from one year to the next.

      Alaska limits appropriations to the appropriations limit from the previous year, adjusted for inflation and the change in population plus 5%. This is commonly called "budgeting for fiscal discipline," and is a way to keep the growth of appropriations from outpacing the growth in revenues from year to year.

       

      The State has three major funds, the General Fund, the Alaska Permanent Fund, which are included in the governmental funds statements, and the International Airports Fund, which is included in the business-type activities funds statements. Only two of these major funds are budgeted (the General and Alaska Permanent), along with a few other permanent funds and non-major special revenue funds. Although information is well arranged and "total" columns are included, the Budgetary Comparison Schedules are missing beginning and ending balances. There is a considerable difference between actual and budgeted figures. [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

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    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • Williams Report - July 21, 2014

      State Budget Solutions | by Bob Williams | July 21, 2014

      The Williams Report is BACK after a one week hiatus. Be honest, you missed it! Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob. 

    • Alaska, Delaware, Louisiana, Missouri, New Jersey, North Carolina , Pennsylvania, Virginia, Washington

      Williams Report - June 30, 2014

      June 30, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Fitch: State pension plans' funding climbs in 2013 despite low contributions

      Pensions & Investments | by Rob Kozlowski | May 15, 2014

      While the funding ratios of U.S. state defined benefit pension plans improved in fiscal year 2013, significant challenges remain, according to a Fitch Ratings report.

    • Richard Ravitch: State fiscal crises aren't over

      Newsday | by Michael Gormley | April 25, 2014

      Former Lt. Gov. Richard Ravitch, who helped New York City escape bankruptcy 40 years ago, warned Wednesday that the fiscal crisis isn't over in New York and other states, despite election year plans to cut taxes and spend more.

    • Alaska

      Senate passes new approach to pension obligation

      The Anchorage Daily News | by Becky Bohrer | April 21, 2014

      The Alaska Senate unanimously passed legislation setting out a new approach for addressing the state's pension obligation Saturday, less than three hours after the plan emerged from the Senate Finance Committee.