Alaska state budget (2010-2011)
| Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances. |
Find the state’s FY2011 Comprehensive Annual Financial Report (CAFR) online[1]
| Total spending | Pension | Healthcare | Education | Welfare | Protection | Transport | Debt |
|---|---|---|---|---|---|---|---|
| $12.3 | $1.5 | $1.4 | $1.5 | $0.9 | $0.7 | $1.5 | $7.5 |
| Total spending | Pension | Healthcare | Education | Welfare | Protection | Transport | Debt |
|---|---|---|---|---|---|---|---|
| $6.1 | $0.00 | $0.3 | $2.2 | $0.1 | $0.40 | $0.4 | $5.2 |
The FY2011 was signed into law by Gov. Sean Parnell on June 3, 2010.[3]Alaska had a $260 million surplus.[4]
The FY2011 capital budget included the following:
- $1.26 billion for transportation projects
- $88.5 million for water and sewer projects
- $451 million for K-12 education and the university
- $123 million for deferred maintenance
- $77 million for renewable and other energy projects.
- $397.2 million in general obligation bonds for education-related facilities[5]
Accounting principles
Article IX, Section 14 of the Alaska Constitution provides that "The legislature shall appoint an auditor to serve at its pleasure. He shall be a certified public accountant. The Auditor shall conduct post-audits as prescribed by law and shall report to the legislature and to the governor.”[6]
The Legislative Budget and Audit Committee was responsible for overseeing the Division of Legislative Audit. The Committee was composed of five members from the Senate and five members from the House of Representatives.[7][8]
Credit Ratings
| Credit Rating | Fitch | Moody's | S&P |
| Alaska[9] | AA | Aa2 | AAA[10] |
See also
Footnotes
- ↑ FY2011 CAFR
- ↑ 2.0 2.1 USA Spending, State Guesstimated* Government Spending
- ↑ The Juneau Empire "Parnell strikes $300 million from state budget" June 4, 2010
- ↑ The Boston Globe "Amid deficit gloom, some states enjoy surpluses" Nov. 5, 2011
- ↑ Alaska Pride, "Alaska Proposition B To Provide $397.2 Million In General Obligation Funds For Education," October 5, 2010
- ↑ Alaska Division of Legislative Audit Web site, accessed October 7, 2009
- ↑ Legislative Budget & Audit Committee Web site, accessed October 7, 2009
- ↑ Division of Legislative Audit
- ↑ California State Treasurer, “Comparison of Other States’ General Obligation Bond Ratings”
- ↑ Pew Stateline Infographic on State Credit Ratings. accessed September 30, 2013
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