The Senate Finance Subcommittee on the Department of Revenue voted Thursday to forward a $485.1 million budget recommendation to the full Finance Committee for fiscal year 2027.

The budget includes $36.2 million in unrestricted general funds, $495,000 in designated general funds, $335 million in other funds, and $110.5 million in federal funds. The subcommittee approved 873 positions: 830 permanent full-time, 24 permanent part-time, and 19 temporary positions.

The panel accepted many items in the governor's amended budget. That includes three positions in the Tax Division for economic research and analysis, $611,600 in Permanent Fund Dividend funds for a new dividend application system, $33,700 in permanent fund dividend funds for increased federal postage costs at the Permanent Fund Division, and $15.3 million in federal receipt authority for the Alaska Housing Finance Corporation's Housing Choice Voucher Program.

The subcommittee also accepted a $1,064,700 decrease in permanent fund gross receipts in the Permanent Fund Corporation's investment systems, and an increase of $307 in permanent fund gross receipts for the Permanent Fund Corporation's data centers.

The panel accepted and moved to the correct appropriations an increase in permanent fund gross receipts of $41,700 for increased cost of investment data and analytic systems, $384,100 for computing costs and firewall licensing, and a one-time increase of $195,900 for workstation replacements.

The subcommittee rejected all requested structural changes that would have reverted the Alaska Permanent Fund Corporation to a single appropriation. Staff member Ella Adkisson, presenting the recommendations, said the report cited the board of trustees' history of unauthorized spending as a reason to keep a more transparent budget structure.

The report recommends creating an Anchorage office appropriation within the Permanent Fund Corporation and budgeting $1,000 in permanent fund gross receipts to decommission the second office.

The subcommittee also reduced the Permanent Fund Corporation's investment systems line by $500,000 in permanent fund gross receipts to better align budgeted amounts with projected expenditures. The panel fully funded the Permanent Fund Corporation's Juneau office lease increases at $34,000 in permanent fund gross receipts.

Outside the Permanent Fund Corporation, the subcommittee added five Auditor IV positions in the Tax Division at a cost of $900,000 in unrestricted general funds.

The report also recommends adding $52,200 in unrestricted general fund to annualize a now-filled position in the Alaska Sustainable Energy Corporation.

Senator Kawasaki moved to adopt the budget action and wordage reports, authorizing Legislative Finance and Legislative Legal to make technical or conforming changes as necessary. The motion carried without objection.