Governor Mike Dunleavy released his proposed Fiscal Year 2027 budget for the State of Alaska.
The Department of Revenue forecasts that Alaska will receive $15.3 billion in total state revenue in FY 2027, with $6.2 billion of Unrestricted General Fund Revenue available for appropriation by the Legislature. Given declining revenue forecasts and increased costs driven by inflation, the Governor’s proposed budget fully funds statutory obligations while restraining discretionary spending. However, the budget requires drawing $1.5 billion from the state’s main savings account, the Constitutional Budget Reserve (CBR). The CBR balance is currently around $3 billion.
Key items in the Governor’s FY 2027 Proposed Budget Include:
- Full statutory funding for K-12 Education
- Full statutory Permanent Fund Dividend ($3,650 per Alaskan)
- Continued support for Public Safety
