Alaska Fiscal Statistics

StatisNostics/State Financials/Alaska

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20122023

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State Revenue Analysis (Alaska: 2012–2023)

Population: 731,081 → 732,673 (0.2% change)

Overall Revenue Trends

Total Revenue▼ 16.9%

$14,559,250,000 (2012)→$12,099,464,000 (2023)

Per Capita Revenue▼ 17.1%

$19,915 (2012)→$16,514 (2023)

Fund Balances▼ 100%

$63,506,219,000 (2012)→$0 (2023)

Revenue Volatility! High

Avg. fluctuation: 10.1%

Major Tax Revenue

Property Tax▼ 40.1%

$215,407,000 (2012)→$128,961,000 (2023)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Local Intergovernmental Other▲ 5800.0%

$11,000→$649,000

Amusement License Tax▲ 3100.0%

$1,000→$32,000

Public Utility License Tax▲ 1431.8%

$604,000→$9,252,000

Declining/Slowest Growing Sources

Royalties▼ 97.1%

$2,097,693,000→$60,011,000

Education Other State Charges Not Elsewhere Classified▼ 92.2%

$3,863,000→$300,000

Federal Intergovernmental Sewerage▼ 79.8%

$8,248,000→$1,666,000

Revenue Forecast

Projected Revenue (Next Year)▲ 14.2%

Estimated: $13,815,631,776

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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare19.7%

Severance Tax19.0%

Interest Earnings8.4%

Federal Intergovernmental Highways7.1%

Miscellaneous General Revenue Not Elsewhere Classified6.8%

Federal Intergovernmental Health & Hospitals5.4%

Federal Intergovernmental Education4.9%

Sale of Property4.0%

Federal Intergovernmental Other3.9%

Corporation Net Income Tax3.7%

Unemployment - Contribution1.7%

Air Transportation Charges1.5%

Federal Intergovernmental Other Natural Resources1.4%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges1.3%

Property Tax1.1%

All Other Not Elsewhere Classified Charges1.0%

Higher Education Tuition Charges1.0%

Federal Intergovernmental Air Transportation0.8%

Other Selective Sales Taxes0.5%

Insurance Premium Tax0.5%

Royalties0.5%

Federal Intergovernmental Housing & Community Development0.5%

Donations From Private Sources0.5%

Rents0.4%

Tobacco Sales Tax0.4%

Motor Fuels Sales Tax0.4%

Alcoholic Beverage Sales Tax0.3%

Toll Highway Charges0.3%

Hunting & Fishing License0.3%

Motor Vehicle License0.3%

Higher Education Auxiliary Charges0.2%

Electric Utilities Revenue0.2%

Federal Intergovernmental Employment Security Administration0.2%

Housing & Community Development Charges0.2%

Fines & Forfeits0.2%

Regular Highway Charges0.2%

Amusement Tax0.2%

Occupation & Business License Not Elsewhere Classified0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Federal Intergovernmental General Support0.1%

Other License Tax0.1%

Unemployment - Interest Revenue0.1%

Public Utility License Tax0.1%

Local Intergovernmental Education0.1%

Elementary Secondary Education Not Elsewhere Classified Charges0.1%

Hospital Charges0.1%

Public Utilities Tax0.0%

Workers Compensation - Other Contributions0.0%

Parks & Recreation Charges0.0%

Alcoholic Beverage License Tax0.0%

Federal Intergovernmental Sewerage0.0%

Local Intergovernmental Sewerage0.0%

Elementary Secondary Education School Lunch Charges0.0%

Local Intergovernmental Other0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Amusement License Tax0.0%

Workers Compensation - Interest Earnings0.0%

Elementary Secondary Education Tuition and Transportation Charges0.0%

Key Insights

1Population changed by 0.2%, while per-capita revenue changed by -17.1%.
2The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Alaska: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 53%

$5,224,702,000→$7,983,946,000

Per Capita Spending▲ 52%

$7,147→$10,897

Population Trends

Population Change▲ 0.2%

731,081 (2012)→732,673 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 61%

$118,993,000 (2012)→$191,806,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▼ 4%

$456,091,000 (2012)→$435,739,000 (2023)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▲ 44%

$222,339,000 (2012)→$320,216,000 (2023)

General Expenses▼ 70%

$911,465,000 (2012)→$276,331,000 (2023)

Alaska Key Insights

1Per capita expenditures grew by 52%, indicating substantial service expansion or cost increases not explained by population growth alone

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 116%

$2,532,895,000 (2012)→$5,464,755,000 (2023)

Industrial Revenue Debt▼ 100%

$3,304,388,000 (2012)→$0 (2023)

Per Capita Debt▲ 115%

$3,465 (2012)→$7,459 (2023)

Population Trends

Population Change▲ 0.2%

731,081 (2012)→732,673 (2023)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2023)

Issued:$420,353,000

Retired:$300,124,000

Net Change:+$120,229,000

Debt Retirement Trend

$443,677,000 → $300,124,000▼ 32%

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.
3New debt issuance significantly increased the per-resident debt burden (up 115%).