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Alaska state budget (2011-2012): Difference between revisions

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{{Archive budget timestamp|Year=2012}}{{tnr}}[[Alaska]]'s [[Sean Parnell|Governor Sean Parnell]] on June 29, 2011 signed budgets totaling $11.4 billion, $6.9 billion of which came from the state’s general fund. The governor vetoed $400 million, many of the cuts aimed at one-time projects in the capital budget. Parnell explained that his budget vetoes were to ensure the state lived within its means.<ref>[http://juneauempire.com/local/2011-06-29/juneau-projects-largely-escape-parnells-vetoes ''Juneau Empire'', "Juneau projects largely escape Parnell's vetoes," June 29, 2011]</ref> The vetoes reduced the budget from $3.2 billion to $2.8 billion.<ref>[http://www.ktva.com/news/politics/Parnells-vetoes-prompt-allegation-of-retaliation-124750079.html ''KTVA.com'', "Parnell's Vetoes Prompt Allegation of Retaliation," June 29, 2011] ''([[dead link]])''</ref> The governor said that although the state was expected to end the year with $15 billion in available savings, it was also facing an unfunded retirement liability of $11 billion.<ref>[http://juneauempire.com/local/2011-06-29/juneau-projects-largely-escape-parnells-vetoes ''Juneau Empire'', "Juneau projects largely escape Parnell's vetoes," June 29, 2011]</ref>
{{Archive budget timestamp|Year=2012}}{{tnr}}[[Alaska]]'s [[Sean Parnell|Governor Sean Parnell]] on June 29, 2011 signed budgets totaling $11.4 billion, $6.9 billion of which came from the state’s general fund.  


The Appropriations Bill for fiscal year 2012 can be accessed [http://omb.alaska.gov/ombfiles/12_budget/PDFs/SB0046Z.pdf here].
The Appropriations Bill for fiscal year 2012 can be accessed [http://omb.alaska.gov/ombfiles/12_budget/PDFs/SB0046Z.pdf here].
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==Legislative budget==
The [[Alaska House of Representatives|House]] adjourned on May 14, 2011, three days early.  The House had been locked in a month-long budget dispute with the [[Alaska State Senate|Senate]] and its adjournment forced the Senate either to accept the House's version of the omnibus capital bill or to let the state go without the budget. The Senate agreed.<ref>[http://www.foxnews.com/politics/2011/05/15/alaska-house-adjourns-early/#ixzz1MYfsN4D3 ''FoxNews.com'', "Alaska House Adjourns Early," May 15, 2011]</ref> 
The capital budget was higher than Gov. Sean Parnell had indicated he'd be willing to accept. He had said that he would approve expenditures of $2.8 billion if lawmakers also passed a bill addressing oil taxes, and they did not do so.<ref>[http://www.forbes.com/feeds/ap/2011/05/16/business-ak-xgr-special-session-look-ahead_8468290.html ''Forbes'', "Alaska special session ends amid drama; now what?" May 16, 2011] ''([[dead link]])''</ref>
==Governor's proposed budget==
The governor's proposed budget did not include $123 million in Medicaid increases that were picked up by the 2010 federal stimulus program, but would become the state's responsibility in 2011  Instead, the governor budgeted for the regular cost increase, $46 million, and said he planned to work with other governors to try to get the federal government to absorb that increase. The budget also included an extra $1 million to fund legal challenges to the federal government on development and environmental protection issues, $100 million for deferred maintenance of state facilities and $10 million for the Southeast Energy Fund.
Fiscal year 2012 began July 1, 2011, and [[Sean Parnell|Gov. Sean Parnell]] said that he wanted Alaska to live within its means, but his budget director, Karen Rehfeld, said that there had been no talk about spending caps, restrictions or cuts.<ref name=focus>[http://www.sfexaminer.com/economy/alaska-gov-parnell-wants-to-focus-spending-limit-agency-growth-as-new-budget-plan-developed-98923589.html ''The San Francisco Examiner'', "Alaska Gov. Parnell wants to focus spending, limit agency growth as new budget plan developed," July 21, 2010] ''([[dead link]])''</ref>
The Governor announced in September 2010 that his goal for the fiscal year 2012 operating budget was that it hold the line.  He said that to achieve that goal he was prepared to make cuts in some areas and increases in the areas he called "constitutional priorities," including resource development, education, transportation and public safety.<ref name=gov>[http://www.businessweek.com/ap/financialnews/D9I7UOI82.htm ''Businessweek'', "Alaska gov wants hold-the-line operating budget," September 14, 2010]</ref>
A new amendment to the Alaska Transportation Improvement Program would have increased its budget by $30 million by 2013. Of the $30 million, $25 would go towards improving AMATS’ highway safety improvement plan.<ref>[http://watchdog.org/7279/anchorage-to-see-30-million-increase-in-transportation-spending/ ''Watchdog'', "Anchorage to see $30 million increase in transportation spending," November 11, 2010]</ref>


==Footnotes==
==Footnotes==

Latest revision as of 15:39, 3 August 2023

Note: This article was last updated in 2012. Click here for more recent information on state budgets and finances.

Alaska's Governor Sean Parnell on June 29, 2011 signed budgets totaling $11.4 billion, $6.9 billion of which came from the state’s general fund.

The Appropriations Bill for fiscal year 2012 can be accessed here.

At the start of fiscal year 2012, the state had $15.9 billion in undesignated savings, a category that includes the constitutional and statutory budget reserve funds and Permanent Fund earnings reserve account. The total market value of the Permanent Fund was at approximately $39 billion.[1]

Education spending

For fiscal year 2012, Alaska devoted 23 percent of its total spending to education, up from 21.6 percent in fiscal year 2009.[2]

Fiscal year Total spending[3] Education spending[4] Percent education spending
2009 $14.3 billion $3.1 billion 21.6%
2010 $13.9 billion $3.1 billion 22.3%
2011 $13.8 billion $3.2 billion 23.1%
2012 $14.3 billion $3.3 billion 23.0%


Footnotes

  1. ↑ The Associated Press, "Alaska lawmakers to weigh how much to save," Jan. 16, 2012 (dead link)
  2. ↑ State Budget Solutions, "Throwing Money At Education Isn't Working," September 12, 2012
  3. ↑ USGovernmentSpending.com, "Alaska Government Spending Chart - Total Spending," August 4, 2012
  4. ↑ USGovernmentSpending.com, "Alaska Government Spending Chart - Education Spending, "August 4, 2012
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