AK HB275

Reduces Alaska's annual state appropriation growth limit from 5% plus population and inflation adjustments to a flat 1% increase over the preceding fiscal year

Eliminates the requirement to calculate population changes using Department of Labor and Workforce Development estimates

Eliminates the requirement to calculate inflation adjustments using the Consumer Price Index for All Urban Consumers for Anchorage

Maintains existing exemptions from the limit, including appropriations to the Permanent Fund, Permanent Fund Dividends, budget reserve fund, revenue bonds, general obligation bond payments, and mental health trust funds

Effective date: July 1, 2027