This resolution proposes amendments to the Constitution of the State of Alaska regarding the limit on state appropriations. It seeks to modify Article IX, Section 16, to establish that appropriations made from the treasury for a fiscal year cannot exceed a certain percentage of the average real gross domestic product (GDP) of the state over the previous five years, with the percentage to be determined by law but capped at fifteen percent. The resolution also outlines exceptions to this limit, including appropriations for Alaska permanent fund dividends, disaster declarations, and certain bond proceeds. Additionally, it allows for the legislature to exceed the limit for capital improvements with a two-thirds majority vote.

Furthermore, the resolution introduces a new section to Article XV, stating that the new appropriation limit will apply to fiscal year appropriations ending June 30, 2028, and beyond. 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:
HJR001A, AM HJR 1, introduced 01/22/2025: