Alaska’s budget increased cumulatively less than the maximum rate of population growth plus inflation in state funds and all funds from 2016-25, meaning that taxes have been kept lower than the average taxpayer can afford.

  • The 2025 state funds budget is $200 million higher 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 faster than population growth and inflation for much of the last ten years, the state spent $2.8 billion more than possible.
  • The 2025 all funds budget is $3.3 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 $16.2 billion more than possible.

State Funds Budget Data

  • Estimated FY 2026 Only State Funds Budget ($ Billions): $ 8.90
  • FY 2027 Only State Funds Budget Limit ($ Billions): $ 9.18
  • FY 2027 Only State Funds Budget Limit Growth (%): 3.14%
  • Cost per person of only state funds budgeting more than pop+inf over the last decade in 2025 budget: $ 1,701
  • Cost per family of 4 of only state funds budgeting more than pop+inf over the last decade in 2025 budget: $ 271
  • Cumulative cost per person of only state funds budgeting more than pop+inf over the last decade from 2016-25: $ 3,835
  • Cumulative cost per family of 4 of only state funds budgeting more than pop+inf over the last decade from 2016-25: $ 15,340

All Funds Budget Data

  • Estimated FY 2026 All Funds Budget ($ Billions): $ 6.87
  • FY 2027 All Funds Budget Limit ($ Billions): $ 7.09
  • FY 2027 All Funds Budget Limit Growth (%): 3.1%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2025 budget: $ 2,527
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2025 budget: $ 4,429
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2016-25: $ 22,020
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2016-25: $ 88,081

Other Economic and Fiscal Considerations