The resolution proposes amendments to the Constitution of the State of Alaska regarding the appropriation limit for state expenditures. It seeks to modify Article IX, Section 16, to establish that appropriations for the fiscal year shall not exceed a certain percentage of the average real gross domestic product (GDP) of the state, as estimated by federal authorities, for the five calendar years preceding the prior fiscal year. This percentage will be determined by law, capped at a maximum of fifteen percent. The resolution also allows for additional appropriations for capital improvements beyond this limit, contingent upon a two-thirds affirmative vote from both houses of the legislature.

Furthermore, 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. To enact these amendments, they must be presented to the voters of Alaska during the next general election, in accordance with the state's constitutional and electoral laws.

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