An Act relating to an appropriation limit; and providing for an effective date.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies Alaska’s budget rules by establishing a limit on how much the state can increase its annual appropriations. Specifically, it restricts spending increases to no more than one percent above the previous year’s spending, excluding certain designated funds like the permanent fund, dividends, and debt payments. The bill also includes provisions for calculating population and inflation changes used to determine the allowable increase. The Act takes effect on July 1, 2027.
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Sponsors
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1 on record
Primary sponsor
Senate Rules by Request of the Governor
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