What if we don’t have enough revenue to cover the budget?

In years when the cost of the budget is more than total revenue the State can borrow from its savings—primarily the Constitutional Budget Reserve. In 2011 the CBR had $10.4 billion in it. The Director of Legislative Finance has estimated that if the state continues on its current course we will need to begin drawing on those savings in 2015. The CBR in combination with other savings provides Alaska enough reserves to fill the projected fiscal gap until 2030.[1]