AK SB223

Amends AS 37.05.540(b) to reduce the 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 and inflation changes using the Anchorage Consumer Price Index

Maintains existing exemptions from the limit including appropriations to the permanent fund, Alaska permanent fund dividends, budget reserve fund, revenue bond proceeds, general obligation bond payments, mental health trust funds, and nonstate trust funds

Effective date of July 1, 2027