The Institute of Social & Economic Research
Financial
Assistance
provided by:
| Comparisons | |||||
4. Budget Comparisons with Other States
4.2 How is the Alaska "Premium" Spent?
The Alaska spending "premium" per person, derived by combining state and local spending and adding in the higher Alaska cost of living on the U.S. average services, was $5,282 per capita in 1999. This represents a level of spending that is 1.85 times the national average (85% above the national average).Three uniquely Alaska factors account for half of the Alaska "Premium": the Permanent Fund Dividend, Extra Federal Grants, and Extra Agency Interest Payments.
The ratio of Alaska to U.S. average spending is 1.46 if we net
out the The Big Three
Five programs account for 2/3 of the "Premium"; ten account for 90%. The Program Pie
The "Premium" is mostly capital spending and payments to businesses and individuals. Premium by Object
| Top
^ |
<
Back |
Next > |
|
Institute of Social and Economic
Research, University of Alaska Anchorage
Mailing Address: 3211 Providence Drive, Anchorage, Alaska 99508
Physical Address: 4500 Diplomacy Drive, Suite 501, Anchorage, Alaska
(907)786-7710
Page Updated January 8, 2003