Alaska’s budget increased cumulatively less than pop+inf in state funds and all funds from 2014-23, meaning that taxes have been kept lower than what the average taxpayer can afford.

  • The 2023 state funds budget is $1.2 billion more than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew slower than population growth and inflation for much of the last ten years, the state spent and taxed $14 billion less than possible.
  • The 2023 all funds budget is $4 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $470 million too much.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $8.54
  • FY 2025 Only State Funds Budget Limit ($ Billions): $9.00
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 5.38%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $1,616
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $6,462
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: ($19,050)
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: ($76,202)

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $14.76
  • FY 2025 All Funds Budget Limit ($ Billions): $15.55
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 5.38%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: $5,479
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: $21,917
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: $(640)
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: $(2,560)

Other Considerations