Governor Mike Dunleavy proposed the Fiscal Year 2025 (July 1, 2024 – June 30, 2025) budget on December 14, 2023. This page provides a brief overview of the Governor’s proposed budget and the Fall 2023 Revenue Forecast. For detailed budget information, please visit omb.alaska.gov

For FY2025, the Department of Revenue 2023 Fall Forecast projects the State of Alaska will receive $15.6 billion in total revenue.

The Department of Revenue releases a formal revenue forecast twice per year that projects how much revenue the State of Alaska will receive in future years. This revenue forecast is based on detailed modeling and reflects the department’s current expectations for numerous variables, including investment returns, oil price, oil production, and oil company spending. All revenue received goes into a specific fund which may have legal or administrative restrictions on how that money can be accessed.

The Governor’s FY2025 proposed budget totals $13.9 billion. Governor Dunleavy wants Alaska to be the best place in the country to raise a family. Having access to affordable housing, food, energy, and childcare is essential to that end. Quality education is also of first importance. 

The graphic below depicts the governor’s proposed budget based on amount of spending utilizing all fund sources. You can click on a department/category, or select from the drop-down menu in the upper left corner to see a more detailed breakdown.

Highlights from the Governor’s proposed budget include:

Public Safety

• 10 additional Village Public Safety Officer positions and VPSO salary increases
• Three new investigators at Alaska State Troopers focused on crimes against children
• Four investigators at AST fully dedicated to investigating missing and murdered Indigenous persons
• Acquisition of a single engine turbine-powered all weather aircraft (Pilatus PC-12NG) for statewide Public Safety operations
• Replacement of a patrol vessel for Southeast Alaska to respond to emergencies, search and rescue operations, and enforce laws and regulations protecting coastal Alaska communities.

Education

• Statutory funding for school districts according to the Foundation Program, Pupil Transportation, and School Debt Reimbursement formulas in statute.
• $8.3 million for school construction and major maintenance.
• $5 million for the Alyeska Reading Academy and Institute.
• $1.5 million for Teacher Recruitment, Retention, Certification and Apprenticeship Development.
• $1.5 million for continued Career and Technical Education Initiative.

Food Security

• Funding for 30 non-permanent, full-time Eligibility Technician positions within the Department of Health to process SNAP applications.
• $5 million to food banks and food pantries across Alaska to increase food security.

Housing

• $25 million for Alaska Housing Finance Corporation Downpayment Assistance Grants primarily utilizing AHFC dividends.
• $62.6 million for AHFC annual housing programs.

The Governor’s FY2025 proposed budget also includes investments in infrastructure and economic development providing both immediate and long-term benefits to Alaskans.

Transportation

• Matching funds for Alaska Marine Highway ferry replacement grants using Federal toll credits.
• $2.5 million for Statewide PFAS Fleetwide Equipment Foam Replacement.
• $915,000 for contracted urban snow removal when unexpected snowfall exceeds existing operational capacity.

Law

• $1.9 million and 10 positions to expand consumer protection investigations, address child protection cases, assist with drug prosecutions and assist with grand jury investigations.
• $2 million to support continued statehood defense efforts across multiple agencies.