Alaska Fiscal Statistics

StatisNostics/State Financials/Alaska

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20122021

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State Revenue Analysis (Alaska: 2012–2021)

Population: 731,081 → 731,545 (0.1% change)

Overall Revenue Trends

Total Revenue▼ 35.8%

$14,559,250,000 (2012)→$9,352,147,000 (2021)

Per Capita Revenue▼ 35.8%

$19,915 (2012)→$12,784 (2021)

Fund Balances▲ 52.4%

$63,506,219,000 (2012)→$96,773,439,000 (2021)

Revenue Volatility✓ Low

Avg. fluctuation: 9.2%

Major Tax Revenue

Property Tax▼ 44.3%

$215,407,000 (2012)→$120,028,000 (2021)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 1406.2%

$97,080,000→$1,462,257,000

Public Utility License Tax▲ 1197.2%

$604,000→$7,835,000

Federal Intergovernmental Employment Security Administration▲ 195.0%

$40,350,000→$119,016,000

Declining/Slowest Growing Sources

Royalties▼ 98.1%

$2,097,693,000→$39,090,000

Education Other State Charges Not Elsewhere Classified▼ 94.7%

$3,863,000→$203,000

Severance Tax▼ 93.3%

$5,787,360,000→$387,367,000

Revenue Forecast

Projected Revenue (Next Year)▲ 2.7%

Estimated: $9,603,434,207

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Federal Intergovernmental Public Welfare20.1%

Federal Intergovernmental Health & Hospitals15.6%

Interest Earnings9.6%

Miscellaneous General Revenue Not Elsewhere Classified7.2%

Federal Intergovernmental Highways6.8%

Sale of Property5.8%

Federal Intergovernmental Education5.1%

Severance Tax4.1%

Federal Intergovernmental Other3.0%

Federal Intergovernmental Air Transportation2.1%

Air Transportation Charges1.7%

Unemployment - Contribution1.5%

Higher Education Tuition Charges1.4%

Corporation Net Income Tax1.3%

Property Tax1.3%

Federal Intergovernmental Employment Security Administration1.3%

All Other Not Elsewhere Classified Charges1.2%

Federal Intergovernmental Other Natural Resources1.2%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.8%

Occupation & Business License Not Elsewhere Classified0.8%

Rents0.7%

Insurance Premium Tax0.7%

Tobacco Sales Tax0.7%

Federal Intergovernmental Housing & Community Development0.5%

Donations From Private Sources0.5%

Motor Fuels Sales Tax0.5%

Alcoholic Beverage Sales Tax0.4%

Other Selective Sales Taxes0.4%

Royalties0.4%

Motor Vehicle License0.4%

Hunting & Fishing License0.4%

Toll Highway Charges0.3%

Housing & Community Development Charges0.2%

Electric Utilities Revenue0.2%

Fines & Forfeits0.2%

Higher Education Auxiliary Charges0.2%

Regular Highway Charges0.2%

Amusement Tax0.2%

Federal Intergovernmental General Support0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Federal Intergovernmental Sewerage0.1%

Federal Intergovernmental Electric Utilities0.1%

Federal Intergovernmental Water Utilities0.1%

Public Utility License Tax0.1%

Unemployment - Interest Revenue0.1%

Local Intergovernmental Education0.1%

Elementary Secondary Education Not Elsewhere Classified Charges0.1%

Workers Compensation - Other Contributions0.0%

Public Utilities Tax0.0%

Hospital Charges0.0%

Parks & Recreation Charges0.0%

Alcoholic Beverage License Tax0.0%

Local Intergovernmental Sewerage0.0%

Local Intergovernmental Water Utilities0.0%

Elementary Secondary Education School Lunch Charges0.0%

Workers Compensation - Interest Earnings0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Key Insights

1Total revenue decreased by 35.8% from 2012 to 2021, representing a significant change in the state's financial position.
2Population changed by 0.1%, while per-capita revenue changed by -35.8%.
3The state's fund balances increased by 52.4%, suggesting improved fiscal health.

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State Expense Analysis (Alaska: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▼ 9%

$5,224,702,000→$4,747,398,000

Per Capita Spending▼ 9%

$7,147→$6,490

Population Trends

Population Change▲ 0.1%

731,081 (2012)→731,545 (2021)

Public Safety Expenses

Police Protection▲ 15%

$0 (2012)→$0 (2021)

Fire Protection▼ 0%

$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▼ 25%

$0 (2012)→$0 (2021)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 30%

$0 (2012)→$0 (2021)

General Expenses▼ 42%

$0 (2012)→$0 (2021)

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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▼ 19%

$2,532,895,000 (2012)→$2,040,809,000 (2021)

Industrial Revenue Debt▲ 5%

$3,304,388,000 (2012)→$3,480,805,000 (2021)

Per Capita Debt▼ 19%

$3,465 (2012)→$2,790 (2021)

Population Trends

Population Change▲ 0.1%

731,081 (2012)→731,545 (2021)

Debt Management

Most Recent Year (2021)

Issued:$133,143,000

Retired:$226,114,000

Net Change:$-92,971,000

Debt Retirement Trend

$443,677,000 → $226,114,000▼ 49%