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Fiscal Year 2010 Operating Budget Department of Commerce, Community and Economic Development Legislative Finance Division Box 113200 Juneau, AK 99811-3200 (907) 465-3795 (907) 465-1327 FAX www.legfin.state.ak.us

People Also Ask about

What is the budget deficit for Alaska?

Alaska Gov. Dunleavy presents amended state budget with deficit topping $400 million.

How does the government deal with a budget deficit?

Strategies Used to Reduce Budget Deficits Countries counter budget deficits by promoting economic growth through fiscal policies, such as reducing government spending and increasing taxes. Determining the best strategies regarding which spending to cut or whose taxes to raise are often widely debated.

What is Alaska's budget surplus?

For the first time in a decade, Alaska's state government will end its fiscal year with a surplus. Final figures aren't expected until later this year, but when fiscal year 2022 ends on Thursday night, the state is expecting to have earned $7.25 billion over the preceding 12 months.

What is the FY23 budget for Alaska?

The FY23 UA proposed budget request is $280.7 million, an increase of 2.9 percent from the FY22 level of $272.7 million.

How does Alaska raise revenue?

Smaller communities rely on property taxes, but in some areas sales taxes and revenue from tourism are important. The Alaska Permanent Fund, made possible with petroleum revenue, offers an annual dividend to each Alaskan resident (must be a resident for at least 12 months) with the interest that it earns.

How much federal aid does Alaska get?

That year, Alaska received approximately $2.8 billion in federal aid, 26.9 percent of the state's general revenues.

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What is fiscal year operating budget?

A fiscal year operating budget is a financial plan that outlines the projected revenues and expenses for an organization or government entity for a specific fiscal year.

Who is required to file fiscal year operating budget?

Government entities, such as local municipalities, state agencies, and federal departments, are typically required to file a fiscal year operating budget.

How to fill out fiscal year operating budget?

Filling out a fiscal year operating budget involves gathering financial data and projections, categorizing revenues and expenses, and using budgeting tools or software to organize and calculate the figures.

What is the purpose of fiscal year operating budget?

The purpose of a fiscal year operating budget is to provide an overview of an organization's financial resources and how they will be allocated to support operations and meet financial goals.

What information must be reported on fiscal year operating budget?

A fiscal year operating budget typically includes details about projected revenues, such as taxes, fees, and grants, as well as anticipated expenses, including personnel costs, supplies, and operating expenses.

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