AK HB141

Changes Alaska's appropriation limit from a 5 percent increase plus population and inflation adjustments to a limit based on the average of appropriations made in the three immediately preceding fiscal years, adjusted by whichever is greater: average annual population change or average annual inflation change.

Replaces the Consumer Price Index for "All Urban Consumers for Anchorage" with the Consumer Price Index for "Urban Alaska" as the basis for calculating inflation adjustments.

Requires the governor to submit a report calculating appropriations in the budget as applied to the appropriation limit under AS 37.05.540, with updates upon submission of supplemental appropriation bills and budget amendments.

Excludes school bond debt reimbursement appropriations and disaster appropriations from prior year calculations when determining the three-year average for fiscal years ending June 30, 2023, 2024, and 2025.

Takes effect July 1, 2021, with provisions applying to appropriations taking effect during or after the fiscal year ending June 30, 2023.