Alaska Fiscal Statistics

StatisNostics/State Financials/Alaska

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20122024

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State Revenue Analysis (Alaska: 2012–2024)

Population: 731,081 → 733,583 (0.3% change)

Overall Revenue Trends

Total Revenue▼ 26.3%

$14,559,250,000 (2012)→$10,734,681,000 (2024)

Per Capita Revenue▼ 26.5%

$19,915 (2012)→$14,633 (2024)

Fund Balances▼ 100%

$63,506,219,000 (2012)→$0 (2024)

Revenue Volatility! High

Avg. fluctuation: 10.2%

Major Tax Revenue

Property Tax▼ 39.3%

$215,407,000 (2012)→$130,855,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Amusement License Tax▲ 63200.0%

$1,000→$633,000

Local Intergovernmental Other▲ 6963.6%

$11,000→$777,000

Public Utility License Tax▲ 1241.2%

$604,000→$8,101,000

Declining/Slowest Growing Sources

Royalties▼ 97.5%

$2,097,693,000→$53,426,000

Severance Tax▼ 82.1%

$5,787,360,000→$1,037,074,000

Occupation & Business License Not Elsewhere Classified▼ 69.2%

$38,936,000→$11,994,000

Revenue Forecast

Projected Revenue (Next Year)▼ 3.6%

Estimated: $10,352,976,171

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%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare21.8%

Interest Earnings10.5%

Severance Tax9.7%

Federal Intergovernmental Highways8.1%

Miscellaneous General Revenue Not Elsewhere Classified6.7%

Federal Intergovernmental Education6.0%

Sale of Property4.5%

Federal Intergovernmental Other4.1%

Corporation Net Income Tax3.6%

Federal Intergovernmental Health & Hospitals3.3%

Air Transportation Charges2.0%

Federal Intergovernmental Air Transportation1.9%

Federal Intergovernmental Other Natural Resources1.8%

Unemployment - Contribution1.7%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges1.6%

All Other Not Elsewhere Classified Charges1.4%

Property Tax1.2%

Higher Education Tuition Charges1.2%

Other Selective Sales Taxes0.8%

Donations From Private Sources0.7%

Insurance Premium Tax0.7%

Rents0.6%

Royalties0.5%

Tobacco Sales Tax0.4%

Motor Fuels Sales Tax0.4%

Natural Resources Not Elsewhere Classified Charges0.4%

Hunting & Fishing License0.4%

Alcoholic Beverage Sales Tax0.4%

Toll Highway Charges0.4%

Federal Intergovernmental Housing & Community Development0.4%

Motor Vehicle License0.3%

Amusement Tax0.3%

Higher Education Auxiliary Charges0.3%

Federal Intergovernmental Employment Security Administration0.2%

Electric Utilities Revenue0.2%

Housing & Community Development Charges0.2%

Regular Highway Charges0.2%

Fines & Forfeits0.2%

Unemployment - Interest Revenue0.2%

Federal Intergovernmental General Support0.1%

Occupation & Business License Not Elsewhere Classified0.1%

Other License Tax0.1%

Local Intergovernmental Education0.1%

Public Utility License Tax0.1%

Elementary Secondary Education Not Elsewhere Classified Charges0.1%

Federal Intergovernmental Sewerage0.1%

Public Utilities Tax0.0%

Hospital Charges0.0%

Parks & Recreation Charges0.0%

Workers Compensation - Other Contributions0.0%

Alcoholic Beverage License Tax0.0%

Local Intergovernmental Sewerage0.0%

Elementary Secondary Education School Lunch Charges0.0%

Local Intergovernmental Other0.0%

Amusement License Tax0.0%

Key Insights

1Population changed by 0.3%, while per-capita revenue changed by -26.5%.
2The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Alaska: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 61%

$5,224,702,000→$8,428,723,000

Per Capita Spending▲ 61%

$7,147→$11,490

Population Trends

Population Change▲ 0.3%

731,081 (2012)→733,583 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 65%

$118,993,000 (2012)→$196,456,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 6%

$456,091,000 (2012)→$484,287,000 (2024)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 38%

$222,339,000 (2012)→$307,369,000 (2024)

General Expenses▼ 66%

$911,465,000 (2012)→$310,911,000 (2024)

Alaska Key Insights

1Per capita expenditures grew by 61%, indicating substantial service expansion or cost increases not explained by population growth alone

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 124%

$2,532,895,000 (2012)→$5,675,305,000 (2024)

Industrial Revenue Debt▼ 100%

$3,304,388,000 (2012)→$0 (2024)

Per Capita Debt▲ 123%

$3,465 (2012)→$7,736 (2024)

Population Trends

Population Change▲ 0.3%

731,081 (2012)→733,583 (2024)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2024)

Issued:$599,983,000

Retired:$389,433,000

Net Change:+$210,550,000

Debt Retirement Trend

$443,677,000 → $389,433,000▼ 12%

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 123%).