AK HB194

Establishes seven consensus estimating conferences in the legislative branch (economic, demographic, revenue, education, criminal justice, social services, and retirement systems) to develop official information for state budget preparation.

Creates special impact estimating conferences that can evaluate legislative proposals using advanced analytical tools like cost-benefit analysis and dynamic scoring when requested by legislative leaders or bill sponsors.

Reorganizes state budget planning requirements around "service, program, and financial goals" and "desired results" rather than mission statements, with agencies preparing strategic, performance, and financial plans submitted by December 15 annually.

Changes fiscal planning horizon from 10 years to 3 years and requires governor to submit alternative budget scenarios based on historical average oil prices and $70 per barrel price scenarios.

Modifies the Legislative Budget and Audit Committee's duties to adopt performance measurement methods and provide them to the governor by August 1 each year, with semi-annual agency reporting on achievement of goals.