A new report that examines Alaska's budgets over the last 10 years shows we are spending less on infrastructure and programs that benefit children, youth, and families.
The report from the Alaska Children's Trust is called the "Alaska Children's Budget." I hope this document helps refocus our attention and resources towards supporting children and families in Alaska.
Key Findings of the Children’s Budget:
Spending on children, youth, and families totaled $3.15 billion for Fiscal Year (FY) 2020, including all federal, state, and other funds.
- 30% of the State’s $10.66 billion total budget.
State spending on children, youth, and families is 12.5% less compared to spending earlier in the decade.
- The decline is equal to $400 million annually.
Support for children, youth, and families is more dependent on federal dollars than it was a decade ago.
- Federal spending is up nearly 13%.
- State of Alaska undesignated general fund (UGF) spending is down more than 10%.