Alaska Fiscal Statistics

StatisNostics/State Financials/Alaska

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20122022

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State Revenue Analysis (Alaska: 2012–2022)

Population: 731,081 → 731,158 (0.0% change)

Overall Revenue Trends

Total Revenue▼ 20.2%

$14,559,250,000 (2012)→$11,615,328,000 (2022)

Per Capita Revenue▼ 20.2%

$19,915 (2012)→$15,886 (2022)

Fund Balances▼ 100%

$63,506,219,000 (2012)→$0 (2022)

Revenue Volatility! High

Avg. fluctuation: 10.7%

Major Tax Revenue

Property Tax▼ 41.9%

$215,407,000 (2012)→$125,219,000 (2022)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Local Intergovernmental Other▲ 7100.0%

$11,000→$792,000

Public Utility License Tax▲ 1241.6%

$604,000→$8,103,000

Federal Intergovernmental Health & Hospitals▲ 971.1%

$97,080,000→$1,039,779,000

Declining/Slowest Growing Sources

Royalties▼ 98.5%

$2,097,693,000→$31,510,000

Federal Intergovernmental Sewerage▼ 73.4%

$8,248,000→$2,192,000

Severance Tax▼ 64.9%

$5,787,360,000→$2,031,854,000

Revenue Forecast

Projected Revenue (Next Year)▲ 14.1%

Estimated: $13,255,681,269

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Severance Tax39.8%

Royalties14.4%

Federal Intergovernmental Public Welfare7.8%

Interest Earnings5.0%

Corporation Net Income Tax4.6%

Miscellaneous General Revenue Not Elsewhere Classified4.2%

Federal Intergovernmental Highways2.9%

Federal Intergovernmental Education2.7%

Federal Intergovernmental Other2.0%

Sale of Property1.6%

Federal Intergovernmental Air Transportation1.5%

Property Tax1.5%

Unemployment - Contribution1.4%

Federal Intergovernmental Other Natural Resources0.9%

Higher Education Tuition Charges0.9%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.9%

Air Transportation Charges0.7%

Federal Intergovernmental Housing & Community Development0.7%

Federal Intergovernmental Health & Hospitals0.7%

Rents0.6%

All Other Not Elsewhere Classified Charges0.6%

Tobacco Sales Tax0.5%

Insurance Premium Tax0.4%

Motor Vehicle License0.4%

Donations From Private Sources0.4%

Toll Highway Charges0.4%

Motor Fuels Sales Tax0.3%

Federal Intergovernmental Employment Security Administration0.3%

Alcoholic Beverage Sales Tax0.3%

Higher Education Auxiliary Charges0.3%

Occupation & Business License Not Elsewhere Classified0.3%

Hunting & Fishing License0.2%

Other Selective Sales Taxes0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Electric Utilities Revenue0.1%

Federal Intergovernmental Electric Utilities0.1%

Fines & Forfeits0.1%

Regular Highway Charges0.1%

Housing & Community Development Charges0.1%

Federal Intergovernmental Sewerage0.1%

Other License Tax0.1%

Amusement Tax0.1%

Unemployment - Interest Revenue0.0%

Federal Intergovernmental Water Utilities0.0%

Local Intergovernmental Education0.0%

Workers Compensation - Other Contributions0.0%

Public Utilities Tax0.0%

Elementary Secondary Education Not Elsewhere Classified Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Hospital Charges0.0%

Parks & Recreation Charges0.0%

Alcoholic Beverage License Tax0.0%

Public Utility License Tax0.0%

Local Intergovernmental Water Utilities0.0%

Local Intergovernmental Sewerage0.0%

Local Intergovernmental Other0.0%

Water Transportation & Terminal Charges0.0%

Amusement License Tax0.0%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare20.2%

Severance Tax17.5%

Federal Intergovernmental Health & Hospitals9.0%

Miscellaneous General Revenue Not Elsewhere Classified7.4%

Federal Intergovernmental Highways6.4%

Federal Intergovernmental Education6.1%

Sale of Property4.7%

Interest Earnings4.5%

Corporation Net Income Tax3.6%

Federal Intergovernmental Other3.3%

Federal Intergovernmental Air Transportation1.7%

Unemployment - Contribution1.5%

Air Transportation Charges1.4%

Federal Intergovernmental Other Natural Resources1.4%

Higher Education Tuition Charges1.1%

Property Tax1.1%

All Other Not Elsewhere Classified Charges0.9%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.9%

Federal Intergovernmental Housing & Community Development0.8%

Rents0.7%

Insurance Premium Tax0.6%

Other Selective Sales Taxes0.5%

Tobacco Sales Tax0.4%

Donations From Private Sources0.4%

Federal Intergovernmental Employment Security Administration0.4%

Motor Fuels Sales Tax0.4%

Alcoholic Beverage Sales Tax0.4%

Hunting & Fishing License0.3%

Toll Highway Charges0.3%

Royalties0.3%

Motor Vehicle License0.3%

Housing & Community Development Charges0.2%

Higher Education Auxiliary Charges0.2%

Regular Highway Charges0.2%

Natural Resources Not Elsewhere Classified Charges0.1%

Fines & Forfeits0.1%

Occupation & Business License Not Elsewhere Classified0.1%

Electric Utilities Revenue0.1%

Federal Intergovernmental General Support0.1%

Other License Tax0.1%

Public Utility License Tax0.1%

Local Intergovernmental Education0.1%

Elementary Secondary Education Not Elsewhere Classified Charges0.1%

Amusement Tax0.1%

Hospital Charges0.1%

Unemployment - Interest Revenue0.1%

Workers Compensation - Other Contributions0.0%

Public Utilities Tax0.0%

Parks & Recreation Charges0.0%

Federal Intergovernmental Sewerage0.0%

Alcoholic Beverage License Tax0.0%

Local Intergovernmental Sewerage0.0%

Local Intergovernmental Other0.0%

Elementary Secondary Education School Lunch Charges0.0%

Workers Compensation - Interest Earnings0.0%

Key Insights

1Population changed by 0.0%, while per-capita revenue changed by -20.2%.
2The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Alaska: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 51%

$5,224,702,000→$7,891,453,000

Per Capita Spending▲ 51%

$7,147→$10,793

Population Trends

Population Change▼ 0%

731,081 (2012)→731,158 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 44%

$118,993,000 (2012)→$171,568,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▼ 3%

$456,091,000 (2012)→$441,946,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2022)

Administrative Expenses

Financial Administration▲ 39%

$222,339,000 (2012)→$309,627,000 (2022)

General Expenses▼ 69%

$911,465,000 (2012)→$279,180,000 (2022)

Alaska Key Insights

1Per capita expenditures grew by 51%, indicating substantial service expansion or cost increases not explained by population growth alone

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 111%

$2,532,895,000 (2012)→$5,343,371,000 (2022)

Industrial Revenue Debt▼ 100%

$3,304,388,000 (2012)→$0 (2022)

Per Capita Debt▲ 111%

$3,465 (2012)→$7,308 (2022)

Population Trends

Population Change▼ 0%

731,081 (2012)→731,158 (2022)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2022)

Issued:$636,582,000

Retired:$719,749,000

Net Change:$-83,167,000

Debt Retirement Trend

$443,677,000 → $719,749,000▲ 62%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2The state's debt burden per resident grew substantially while population remained relatively flat.
3There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward higher debt levels.