Alabama Senate approves $59 million payment to the Alabama Trust Fund
The money returns funds borrowed from the state's saving account in the previous decade.
Alabama Trust Fund
Albritton files bill to return final $59 million to Alabama Trust Fund
It would be the final payment to Alabama Trust Fund to satisfy money taken from the fund during the previous decade.
Legislature told budgets are in good shape despite pandemic and economic downturn
Members of the Alabama Senate were in Montgomery Thursday for hearings on the budget, where Senators were told that both of the budgets are in good shape looking forward to 2021. The meeting was chaired by Senate Finance & Taxation Committee Chairman Greg Albritton. Kirk Fulford is the Deputy Director for the Fiscal Division of … Continued
Lottery bill to be considered in committee this week
The lottery bill is expected to be voted on in committee this week. AL.com has reported the vote would take place in committee Tuesday, but later reporting by the Alabama Daily News stated that the vote would be Wednesday afternoon in the House Tourism and Economic Development Committee. As of press time, the legislature is … Continued
BP Settlement Bill Passes Legislature, Signed By Governor
By Susan Britt Alabama Political Reporter MONTGOMERY—On Wednesday, the bill proposing use of BP Settlement funds to pay back debt to the General Fund, free up money for Medicaid and appropriate money for Southern Alabama counties passed out of a joint conference committee, the House and the Senate, and was then signed by Governor Robert … Continued
Zeigler Thinks Special Session Heading Toward Failure
By Bill Britt Alabama Political Reporter MONTGOMERY—State Auditor Jim Zeigler believes, if a proposed BP bill fails, the entire Legislative Session will be a waste. Zeigler favors the compromise bill to allocate $850 million in BP settlement split between State debt and Baldwin and Mobile counties. Under the agreement $448 million would repay State debts … Continued
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See recent postsThe BP Settlement Belongs to All of Alabama
By Thomas Scovill SB267 is a bill proposed by Senator Hightower of Mobile County, to grab the State’s BP settlement money for road projects in Baldwin and Mobile Counties on the Gulf coast. The $1 billion in the State settlement is just one of many settlements. Many individuals, businesses, and local governments have already … Continued
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See recent postsIt’s Time To Expand Pre-K In Alabama
By Minority Leader Rep. Craig Ford Since 2008, education spending for k-12 in Alabama has gone down by more than 20 percent. Those cuts have been felt in every classroom in the state: from outdated textbooks and technology, to larger class sizes. But this year, the state has an opportunity to invest in education again … Continued
Transocean Settlement Means $20 Million More for General Fund
By Brandon Moseley Alabama Political Reporter Thursday, October 22 Alabama Governor Robert Bentley (R) announced that Alabama has agreed to a settlement with Transocean Offshore Deepwater Drilling, Inc., which owned the Deepwater Horizon. Alabama will receive $20 million which is all being directed to the state general fund (SGF). Governor Bentley said, “The State of … Continued
McMillan Calls for BP Settlement Money to Go To Trust Fund
By Brandon Moseley Alabama Political Reporter Tuesday, July 7, the Commissioner of the Alabama Department of Agriculture and Industries John McMillan (R) called on state leaders to put the BP settlement money in the Alabama Trust Fund instead of using it to shore up the troubled State General Fund (SGF): which funds the courts, Medicaid, … Continued