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AK SB186

Bill

Status

Introduced

1/16/2024

Primary Sponsor

Rules

Click for details

Origin

Senate

33rd Legislature

AI Summary

SB 186 Summary

  • Makes operating budget appropriations of $8.198 billion for fiscal year 2025 (July 1, 2024 - June 30, 2025) from general fund and other specified funding sources to state agencies.

  • Includes supplemental appropriations for specific programs: $825,000 for Office of Public Advocacy case backlogs, $750,000 for Public Defender Agency case backlogs, $3 million for food banks/pantries, and $8.829 million for SNAP application processing.

  • Appropriates $2.87 billion to education funding including $1.145 billion to public education fund, Medicaid services funding of $2.43 billion, and operating budgets for all major state departments.

  • Provides $59.149 million for public employees' retirement system, $123.358 million for teachers' retirement system, and $2.41 million for judicial retirement system contributions.

  • Includes provisions for budget reserve fund usage if unrestricted state revenue is insufficient, permanent fund dividend distributions, and various fund capitalizations; takes effect July 1, 2024 (with limited sections effective June 30, 2024 and January 1, 2025).

Legislative Description

Approp: Operating Budget; Cap; Supp; Am

Education

Last Action

REFERRED TO FINANCE

1/16/2024

Committee Referrals

Finance1/16/2024

Full Bill Text

No bill text available