Alaska is in its fifth consecutive year operating under a significant budget deficit. As illustrated in the graph below, our current deficit spending matches surplus spending of the past:
Source: Legislative Fiscal Analyst's Overview of the Governor's FY2018 Request
A few of the budget related proposals before the legislature include the following:
With revenue covering under 30 percent of annual expenditures and the state facing a $3 billion fiscal gap, we are going to have to change the way we do business and I look forward to working toward a solution.