Alaska HB51 modifies the appropriation limit and the governor's budget responsibilities.

Alaska HB51 revises the appropriation limit for state spending, setting it at 12 percent of the average real gross domestic product for the preceding five years, minus government spending from the previous fiscal year. It also mandates the governor to submit a report calculating budget appropriations against this limit. The bill excludes certain appropriations, such as those for the permanent fund, revenue bonds, and disaster relief, from the limit calculation. HB51 takes effect July 1, 2025.

Alaska HB51 modifies the appropriation limit and the governor's budget responsibilities.

Alaska HB51 revises the appropriation limit for state spending, setting it at 12 percent of the average real gross domestic product for the preceding five years, minus government spending from the previous fiscal year. It also mandates the governor to submit a report calculating budget appropriations against this limit. The bill excludes certain appropriations, such as those for the permanent fund, revenue bonds, and disaster relief, from the limit calculation. HB51 takes effect July 1, 2025.