This bill amends Alaska's appropriation limit by changing the allowable increase in appropriations from the previous fiscal year. Specifically, it reduces the limit from a maximum of five percent, plus adjustments for population and inflation, to a fixed increase of one percent. Additionally, the bill removes the requirement to consider changes in population and inflation when determining the appropriation limit, simplifying the calculation process.

The bill also clarifies that appropriations are considered made in the fiscal year they are enacted, and it specifies that reappropriations are attributed to the original fiscal year. The effective date for this change is set for July 1, 2027.

Statutes affected:
HB0275A, AM HB 275, introduced 01/23/2026: 37.05.540