A new analysis of Alaska’s K-12 Capital Spending shows that the state is not spending what is needed to maintain, renovate, and renew its K-12 school buildings. The study, authored by ISER research professor Bob Loeffler, reviews historical K-12 capital spending from state and local sources from Fiscal Year 2000 through Fiscal Year 2020. It details the funding sources Alaska uses for large school maintenance, renovation, and construction projects for both municipal and rural areas. The study illustrates the decline in spending after the current budget crisis hit in 2014, and shows how Alaska’s K-12 capital spending falls short of recommended industry guidelines.