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 five calendar years preceding the prior fiscal year. This percentage will be determined by law, capped at fifteen percent. The resolution also allows for additional appropriations for capital improvements beyond this limit, provided they receive a two-thirds majority 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 for the fiscal year ending June 30, 2028, and beyond. 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 election laws.

Statutes affected:
HJR001A, AM HJR 1, introduced 01/22/2025: