Understanding Alaska's Budget Understanding Alaska's Budget » a project of the legislative affairs agency of the alaska state legislature

Understanding Alaska’s Revenue

Alaska is one of seven states without a personal income tax, one of five states without a state sales tax and the only state with neither. We have three main sources of revenue: oil, federal funding and investment earnings, but we mostly only use the first two to provide government services. Learn More »

Understanding Alaska’s Spending

The state spends billions each year providing services to Alaskans and building state infrastructure. More than half is spent on operations, which have increased around 8% annually for the last decade and are projected to continue to grow. Learn More »

Understanding Alaska’s Savings

The Permanent Fund is Alaska’s biggest savings account. Earnings on the investment of the fund are used to pay dividends to Alaskans and to inflation proof the fund but there is no law preventing them from being used in other ways. However, the principal of the Permanent Fund cannot be spent without a constitutional amendment approved by Alaska voters. Learn More »

What is a Fiscal Gap?

Around 90% of unrestricted revenue comes from oil, but oil production is declining. If state spending keeps going up and our major revenue source goes down the state of Alaska will have a fiscal gap. Learn More »