Bill > HJR23

This resolution proposes a constitutional amendment that would require the Governor of Alaska to submit a balanced budget to the legislature, specifically prohibiting the submission of a budget or appropriation bill where proposed expenditures exceed anticipated revenue for the next fiscal year. The definition of anticipated revenue includes revenue from all state departments, offices, and agencies, as well as income from the permanent fund available for appropriation, but explicitly excludes money from the budget reserve fund. If approved, the proposed amendment would be placed before Alaska voters at the next general election, in accordance with the state constitution and election laws, potentially creating a legal requirement that the state's annual budget cannot plan to spend more money than it expects to receive.

Government Affairs, Justice

https://www.akleg.gov/basis/Bill/Detail/34?Root=HJR23