By Quinn Townsend – Alaska Policy Forum
The annual state budget has finally been delivered, reviewed, and signed as of mid-June 2023. For the first time since Alaska Policy Forum (APF) began releasing the annual Responsible Alaska Budget (RAB), the state funds portion of the enacted budget is less than the RAB threshold! For FY 2024, the RAB was set at $7.71 billion, and the state funds portion of the FY 2024 enacted budget — both operating and capital appropriations — is $6.89 billion. We applaud policymakers for their hard work and dedication to compromise in finalizing a budget that meets the needs of Alaskans while still being realistic and responsible.
APF combines Undesignated General Funds (UGF), Designated Funds (DGF), and other state funds (Other) to calculate total state funds, leaving federal funds, fund transfers, and the Permanent Fund Dividend payment out of the RAB equation.
Moving forward, we urge policymakers to continue practicing fiscal responsibility and to consider sustainable reforms that will ensure a stable budget year after year. These reforms include implementing a meaningful spending cap, avoiding new taxes that will harm Alaskans, and exploring the impacts of accepting massive federal funds.
We are confident that enacting a Responsible Alaska Budget was the right move for Alaskans and will benefit the Great Land. We are hopeful that a Responsible Alaska Budget will become a recurring trend.
The views expressed here are those of the author.
9 Comments
What is the PFD projected amount?
The last report I heard was a $1,300 disbursement. I also understand that the Legislature used funds that should go to the residents in this budget. The State of Alaska should return to the standard way of PFD disbursement and less on utilizing these dollars for a budget.
wont be long it will be Zero due to thievery from out state legislators.
POMV is not good but the numbers are growing: PORTFOLIO THURSDAY JULY 6, 2023
Stocks $26,453,400,000
Bonds $14,038,200,000
Private Equity $ 15,216,400,000
Real Estate $8,193,800,000
Private Income and Infrastructure $6,742,400,000
Absolute Return $5,561,300,000
Risk Parity $13,800,000
Cash $1,936,200,000
Total $78,165,100,000
Y’know while you’re busy applauding feckless legislators’ “dedication to compromise”, Quinn, conservatives actually remain appalled at the reckless spending with so little to show for it and your characterization of the budget as “responsible” calls into question the value of the education you’ve seen fit to reference in that little CV of yours above.
Do you object to Dunlevay’s 3 $120,000 nonexistent jobs for cronies? I would call that reckless spending
I object to all government at this point! Pedophilia, thievery, tiered justice system, children having their innocence stolen, etc. equates to my conclusion! To hell with government and particularly those who lead it! Biden/Dunleavy both costumed clowns!
Responsibility and government do not belong in the same story line! OXYMORON you moron!
DAILY MARKET VALUES
Assets Under Management
Unaudited, as of market close on Thursday July 6, 2023
These daily values reflect all assets held in the portfolio and their market valuations on a given day. The valuations take into account (have deducted) investment-related liabilities, such as pending purchases. They do not reflect APFC’s obligations, such as income distributable to the General Fund (POMV) and accrued operating expenses/manager fees, which are reported on the monthly financial statements.
PORTFOLIO NAME
THURSDAY JULY 6, 2023
Stocks
$26,453,400,000
Bonds
$14,038,200,000
Private Equity
$ 15,216,400,000
Real Estate
$8,193,800,000
Private Income and Infrastructure
$6,742,400,000
Absolute Return
$5,561,300,000
Risk Parity
$13,800,000
Cash
$1,936,200,000
Total
$78,165,100,000