Bill > SJR4

This resolution proposes amendments to the Alaska State Constitution's appropriation limit provision, fundamentally changing how the state calculates and restricts annual spending. The new language would replace the existing $2.5 billion cap with a more dynamic limit based on the state's real gross domestic product (GDP), calculated as a percentage of the average GDP from the five preceding calendar years, with the specific percentage to be established by law or capped at 15%. The amendment would continue to allow exceptions for certain types of appropriations, including permanent fund dividends, bond-related expenses, and disaster response, and would permit the legislature to exceed the limit for capital improvements with a two-thirds vote, though total appropriations could not exceed 15% beyond the base limit. The resolution specifies that these new appropriation limit rules would first apply to fiscal year 2028 and subsequent years, and mandates that the proposed constitutional amendment be placed before Alaska voters at the next general election for their approval.

Justice

https://www.akleg.gov/basis/Bill/Detail/34?Root=SJR4