Legislative Priorities
Roadmap to Empower Alaska -- Priority Strategies
- Facilities Maintenance and Modernization Plan
- UAF reaching R1 research status by 2027
- Achieving Cost-Efficient Operations
- Improving Graduation and Retention
- Systemwide Enrollment Plan
- Empower Alaska Branding Plan
Operating Budget Request - $29.25 M
- Compensation increase (2.5%) - $14.7 M
- Fixed operating cost increases - $8.5 M
- Programs to support State and Arctic Leadership - $6 M
Deferred Maintenance and Modernization Strategy
- Consistent annual state funding to the “University of Alaska Major Maintenance and Modernization Fund”
- Modest revenue stream of $35 million funded annually through the language section of the state’s annual appropriation bills
- Spending would be limited to projects on UA’s approved DM projects list
Capital Budget Request - $33 M
- UAF Achieve Research 1 Status (top 4% nationally) $20M
- UAA Health Workforce Diversity Expansion Project & Library Learning Commons $6M ($8M total)
- UAS Mariculture Program Expansion $7M ($10M total)
- A $60 million capital budget request for deferred maintenance is being pursued concurrently with the legislative strategy should that funding option not make it through committee
Economic Development: Research/Workforce Training
- UAF Drone Program $10M
- UAF Alaska Railbelt Carbon Capture & Sequestration Project $2.2M ($11.1M total)
Revenue Assumptions
- $927M total budget authority, $555M (60%) is from unrestricted sources$337M in state general funds and $218M unrestricted earned revenue
- FY25 UA expects a net $4M increase in unrestricted earned revenue $3M in tuition and fee revenue as enrollment increases
- $1M in other unrestricted earned revenue, such as interest income, university receipts, and indirect cost recovery (generated from restricted funds)
Technical Vocational Education Program Reauthorization
- Funds high-demand career and technical training such as mining, oil & gas, health care, construction, and IT
- Investment in workforce training programs is critical to meet Alaska’s employment projections
Other Key Legislative Priorities:
Alaska Education Tax Credit
The Education Tax Credit provides a significant public benefit for Alaska by incentivizing private companies to invest in education.