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Alaska2026Passed Legislature

SB223

Alaska SB 223: Changing the State Spending Limit

Last scannedSep 12, 2026, 4:46 AM

In one sentence

This bill changes how much more money Alaska can spend each year by setting a limit of one percent growth and removing adjustments for population and inflation.

What it does

  • Changes the law so state spending from the treasury cannot grow by more than one percent over the prior year's amount.
  • Removes the rule that allowed extra spending based on changes in population size.
  • Removes the rule that allowed extra spending based on inflation rates.
  • Keeps exceptions for money going to the permanent fund, dividends, specific trust funds, and bond payments.

Who it affects

  • The Alaska Legislature when it creates annual budgets
  • State agencies receiving funding from the general treasury

Limits and unknowns

  • The bill does not explain how much total money will be saved or spent under this new limit.
  • The text does not describe what happens if a specific emergency requires spending more than the one percent increase allows.

Plain language

Terms to know

Appropriation limit
A rule that sets a maximum amount by which state spending can increase each year.
General fund
The main account where the state keeps most of its tax money for daily operations, including balances carried forward from previous years.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

APPROPRIATION LIMIT An Act relating to an appropriation limit; and providing for an effective date.

Official activity

Bill history

  1. (S) REFERRED TO FINANCE1518
  2. (S) GOVERNOR'S TRANSMITTAL LETTER1518
  3. (S) FN1: ZERO(GOV)1518
  4. (S) FIN1518
  5. (S) READ THE FIRST TIME - REFERRALS1518