Government budget and revenue in Alaska, United States: official figures
Alaska's state government took in $10.5 billion in fiscal year 2024, $14,299 per resident, 3rd highest of 50 states per person (all states: $9,318 per person). The total includes taxes, federal funds, charges and pension-fund investment income.
How much does the Alaska state government spend?
The Alaska state government spent $12.5 billion in fiscal year 2024, or $16,962 per resident, the highest of 50 states (all states: $9,444). Spending was 22.7% higher than in fiscal year 2019 ($10.2 billion), before adjusting for inflation.
Source: U.S. Census Bureau · saved copyHow much debt does the Alaska state government have?
Alaska state government debt outstanding was $5.7 billion at the end of fiscal year 2024, $7,768 per resident, 6th highest of 50 states (all states: $3,248). That equals 54% of one year's general revenue; in fiscal year 2019 the debt was $6.0 billion.
Source: U.S. Census Bureau · saved copyHow much federal funding does Alaska get?
The federal government provided $5.1 billion to the Alaska state government in fiscal year 2024, $6,963 per resident and 48.8% of its general revenue, 2nd highest share of 50 states (all states: 34.2%).
Source: U.S. Census Bureau · saved copyWhat are federal funds to Alaska spent on?
Public welfare programmes, mainly Medicaid, accounted for $2.3 billion or 46% of Alaska's federal funds in fiscal year 2024, and education for $644.9 million (13%).
Source: U.S. Census Bureau · saved copyWhat does the Alaska state government spend its money on?
Direct state spending on public welfare was $4,438 per resident in fiscal year 2024, 6th highest of 50 states (all states: $3,000); higher education took $1,208 per resident and highways $2,046.
Source: U.S. Census Bureau · saved copyHow much does Alaska give to local governments and schools?
18.2% of Alaska's state general spending in fiscal year 2024 ($2.3 billion) was paid to other governments, mostly local governments and school districts, 7th lowest share of 50 states (all states: 27.7%).
Source: U.S. Census Bureau · saved copyHow much tax does Alaska collect?
Alaska collected $1.7 billion in state taxes in fiscal year 2025, $2,288 per resident, the lowest of 50 states (all states: $4,503). That was 15.1% less than in fiscal year 2024 ($2.0 billion); across all states collections rose 4.3%.
Source: U.S. Census Bureau · saved copyWhat taxes does Alaska rely on?
Alaska recorded no individual income tax collections in fiscal year 2025. There were no general sales tax collections. The largest single tax was the severance tax (43.9%), followed by the corporate net income tax (21.7%).
Source: U.S. Census Bureau · saved copyDoes Alaska have corporate, property or severance taxes?
In fiscal year 2025, in Alaska, corporate net income tax raised $365.4 million (21.7% of state taxes); state property tax raised $133.8 million; severance tax on oil, gas, coal and minerals raised $740.9 million (43.9% of state taxes).
Source: U.S. Census Bureau · saved copyHow much money does the Alaska state government hold in reserves?
The Alaska state government held $19.8 billion in cash and securities at the end of fiscal year 2024, $26,815 per resident, of which $18.4 billion was in insurance trust funds such as public employee pension systems.
Source: U.S. Census Bureau · saved copyHow Alaska compares with other states
State government revenue per person (2024)
Alaska ranks 3 of 50, highest first. All revenue of the state government, including insurance trust income, divided by 1 July population
| Rank | Region | State government revenue per person |
|---|---|---|
| 1 | New Mexico | $18,896 |
| 2 | North Dakota | $14,689 |
| 3 | Alaska | $14,299 |
| 4 | Hawaii | $14,000 |
| 5 | Vermont | $13,987 |
| 6 | Wyoming | $13,416 |
| 7 | New York | $13,131 |
State government spending per person (2024)
Alaska ranks 1 of 50, highest first. Total expenditure of the state government divided by 1 July population
| Rank | Region | State government spending per person |
|---|---|---|
| 1 | Alaska | $16,962 |
| 2 | New Mexico | $15,695 |
| 3 | Vermont | $14,785 |
| 4 | New York | $13,329 |
| 5 | California | $13,228 |
| 6 | Delaware | $13,137 |
| 7 | Hawaii | $12,865 |
State government debt per person (2024)
Alaska ranks 6 of 50, highest first. Debt outstanding at the end of the fiscal year divided by 1 July population
| Rank | Region | State government debt per person |
|---|---|---|
| 3 | Connecticut | $9,053 |
| 4 | West Virginia | $8,533 |
| 5 | Hawaii | $8,166 |
| 6 | Alaska | $7,768 |
| 7 | North Dakota | $6,163 |
| 8 | New York | $6,029 |
| 9 | New Jersey | $6,020 |
Federal funds received by the state government per person (2024)
Alaska ranks 1 of 50, highest first. Intergovernmental revenue from the federal government
| Rank | Region | Federal funds received by the state government per person |
|---|---|---|
| 1 | Alaska | $6,963 |
| 2 | New Mexico | $5,836 |
| 3 | Wyoming | $5,274 |
| 4 | New York | $5,019 |
| 5 | Louisiana | $4,848 |
| 6 | Kentucky | $4,685 |
| 7 | Vermont | $4,667 |
Federal funds as a share of state general revenue (2024)
Alaska ranks 2 of 50, highest first.
| Rank | Region | Federal funds as a share of state general revenue |
|---|---|---|
| 1 | Louisiana | 50.2% |
| 2 | Alaska | 48.8% |
| 3 | Arizona | 45.3% |
| 4 | Kentucky | 44.3% |
| 5 | Montana | 43.8% |
| 6 | Missouri | 43.2% |
| 7 | Mississippi | 42.0% |
State tax collections per person (2025)
Alaska ranks 50 of 50, highest first.
| Rank | Region | State tax collections per person |
|---|---|---|
| 44 | Georgia | $3,040 |
| 45 | South Dakota | $2,874 |
| 46 | Missouri | $2,871 |
| 47 | Texas | $2,836 |
| 48 | Florida | $2,709 |
| 49 | New Hampshire | $2,383 |
| 50 | Alaska | $2,288 |
Individual income tax as a share of state taxes (2025)
Alaska ranks 49 of 50, highest first.
| Rank | Region | Individual income tax as a share of state taxes |
|---|---|---|
| 44 | Tennessee | 0.0% |
| 45 | Texas | 0.0% |
| 46 | Florida | 0.0% |
| 47 | Nevada | 0.0% |
| 48 | South Dakota | 0.0% |
| 49 | Alaska | 0.0% |
| 50 | Wyoming | 0.0% |
General sales tax as a share of state taxes (2025)
Alaska ranks 50 of 50, highest first.
| Rank | Region | General sales tax as a share of state taxes |
|---|---|---|
| 44 | New York | 15.5% |
| 45 | Vermont | 11.9% |
| 46 | Oregon | 6.9% |
| 47 | New Hampshire | 0.0% |
| 48 | Montana | 0.0% |
| 49 | Delaware | 0.0% |
| 50 | Alaska | 0.0% |
State spending on public welfare per person (2024)
Alaska ranks 6 of 50, highest first. Direct general expenditure on public welfare, mainly Medicaid
| Rank | Region | State spending on public welfare per person |
|---|---|---|
| 3 | Massachusetts | $4,803 |
| 4 | Oregon | $4,799 |
| 5 | Kentucky | $4,481 |
| 6 | Alaska | $4,438 |
| 7 | Vermont | $4,164 |
| 8 | Rhode Island | $4,101 |
| 9 | Louisiana | $4,053 |
More on Alaska: overview · economy and jobs · health · education and schools · poverty and living standards · the United States
Sources
- U.S. Census Bureau: Annual Survey of State Government Finances: State Government Finances, U.S. and States, 2012-2024 (table GS00STATEFIN01, amounts in thousands of dollars), read 23 October 2026 · saved copy (SHA-256 72ff59b48414…)
- U.S. Census Bureau: Annual Survey of State Government Tax Collections: historical database, fiscal years to 2025 (thousands of dollars), read 23 October 2026 · saved copy (SHA-256 bdf560cd3d8f…)
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