Alaska state budget (2012-2013)

From Ballotpedia
Jump to: navigation, search
Alaska state budget

Flag of Alaska.png
Budget calendar:  Annual
Fiscal year:  2013
Date signed:  May 14, 2012
Other state budgets
AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming
Alaska's Gov. Sean Parnell signed Alaska's 2013 $12.1 billion operating and capital spending budgets into law on May 14, 2012.[1] It increased spending from the fiscal year 2012 budget, which totaled $11.4 billion, marking a 3.3 percent increase in fiscal year 2013.[2]

Alaska operates on an annual budget cycle. Its fiscal year begins on July 1.

As of August 2012, Alaska had a total state debt of approximately $22,506,229,000, when calculated by adding the total of outstanding official debt, pension and other post-employment benefits (OPEB) liabilities, Unemployment Trust Fund loans, and the then-current budget gap.[3] That was down from the prior year's debt of $27,962,377,000.[4]

The total Alaska state debt per capita was $31,141.09 per state resident as of 2012.[5] The state had the third highest debt figure per capita of the 50 states.[5]

The Operating and Capital budgets as enacted can be accessed here. A budget summary prepared by the Office of Management and Budget can be accessed here.

Education

The final budget spent $50 million more on education than what the governor had initially proposed.[6] That amount brought total spending on K-12 education and pupil transportation to $1.2 billion for fiscal year 2013.[7]

Although the governor vetoed $1 million in spending on pre-kindergarten programs, the state planned to increase spending to reach children before kindergarten to $14 million, an increase of 38 percent.[8]

Capital budget

The capital budget totaled $2.9 billion, including $1.9 billion in state general funds. More than $1.6 billion was appropriated for highways, aviation, the Alaska Marine Highway, harbors, village safe water, and municipal water and sewer projects.[7]

Governor's proposed operating budget

The governor proposed the $12.1 billion total spending package for the operating and capital budgets for fiscal year 2013, more than $800 million less than fiscal year 2012, on December 16, 2011.[9] The governor said that under his proposal, the state would have surplus revenue of $3.7 billion. The proposed state general fund operating budget increased 4.5 percent. The proposed capital budget totaled $1.8 billion, including $882 million in state general funds.

The Governor's proposed budget for fiscal year 2013 can be accessed here.

Legislative proposed operating budget

On April 4, 2012, the Senate unanimously passed a $9.5 billion fiscal year 2013 general fund state budget, which proposed putting $2 billion into state savings and an additional $1 billion toward $11 billion in unfunded pension liabilities.[10][11] It increased spending over fiscal year 2012's $9 billion budget.[12]

The House passed its $9.5 billion state operating budget by a vote of 32-5 in March 2012.[11]

The operating budget was then sent to a conference committee, where negotiators from both chambers agreed to the Senate's approach to funding Alaska Performance Scholarships by tying a portion of the funding to HB104. Gov. Sean Parnell had urged the conference committee members to provide the $8 million he requested for the scholarship program and not tie a portion of the funding to HB104.[13]

Education spending

The legislature passed SB182, which provided funding for education. It provided $42 million in additional funds to education, $12 million more than Gov. Parnell called for in his budget.[14]

Capital budget

The legislature passed the $2.9 billion capital budget and the governor said he did not anticipate making any significant vetoes.[15] The capital budget was SB160, which can be accessed here.

References