The resolution proposes amendments to the Constitution of the State of Alaska regarding the appropriation limit for state funds. It seeks to modify Article IX, Section 16, to establish that appropriations from the treasury for a fiscal year cannot exceed a specified percentage of the average real gross domestic product (GDP) of the state over the five calendar years preceding the prior fiscal year, with the percentage to be determined by law but capped at fifteen percent. Certain exceptions are included, such as appropriations for Alaska permanent fund dividends, capital improvements, and disaster-related expenditures, which can exceed the limit under specific conditions.

Additionally, the resolution introduces a new section to Article XV, stating that the new appropriation limit will apply to appropriations made for the fiscal year ending June 30, 2028, and thereafter. The proposed amendments will be presented to the voters of Alaska during the next general election, in accordance with the state's constitutional and election laws.

Statutes affected:
SJR004A, AM SJR 4, introduced 01/10/2025: