Skip to content

economy

State Rep. Kerry Rich: “We are not going to be in proration”

Amid a growing economic collapse due to the forced economic shutdown to deal with the coronavirus crisis, the Alabama House of Representatives met to pass the state’s Education Trust Fund budget Thursday. State Rep. Kerry Rich, R-Albertville, addressed the fear that the economic crisis could negatively impact Alabama’s schools. “We are not going to be … Continued
May 9, 2020

Alabama Legislature passes state general fund budget

The Alabama House of Representatives on Thursday passed the 2021 state General Fund budget, which funds non-education state agencies. The 2021 SGF is $2,391,206,601, which is $168,860,692 more than the $2,222,345,909 in the 2020 budget. The 2021 general fund budget goes into effect Oct. 1. Alabama has an arcane budgeting system in which over 90 … Continued
May 8, 2020

Poole is worried about state four-year universities

Thursday, State Representative Bill Poole, R-Tuscaloosa, told reporters: “I am very worried about our four-year universities.” Poole is the Chairman of the House Ways and Means Education Committee that crafts that annual Education Trust Fund budgets (ETF). The House passed a record ETF budget, HB187, one a 76 to 1 vote on Thursday. HB187 passed … Continued
May 8, 2020

Alabama Senate passes state general fund budget

Tuesday the Alabama Senate passed the 2021 state general fund budget (SGF). Despite the economic fallout from the forced economic downturn, the Senate passed a $2,391,206,601 SGF budget, a $168,860,692 increase over the 2020 budget of $2,222,345,909. The Senate Finance and Taxation General Fund Committee is chaired by Senator Greg Albritton (R-Atmore). As Chair, Albritton … Continued
May 6, 2020

When should Alabama’s economy reopen?

When should Alabama reopen its economy after the COVID-19 shutdown? President Trump has said the decision is for Governors to make, even if he disagrees with his or her decision. Alabama Gov. Kay Ivey has said she plans to announce a decision this week, possibly April 28. White House Guidelines for “Opening Up America Again” … Continued
April 27, 2020

Trump signs bill replenishing funds for Payroll Protection Program

Friday, President Donald J. Trump (R) signed a nearly half-trillion-dollar coronavirus relief bill that replenishes the money for the Payroll Protection Program, a Small Business Administration program that makes small-business loans to prevent layoffs during the forced economic shutdown to fight the spread of the coronavirus. The $484 billion bill is the fourth large coronavirus … Continued
April 27, 2020

Trump says it is too early for Georgia to reopen its economy

Georgia Governor Brian Kemp is set to lift a number of restrictions in Georgia as early as Friday. On Wednesday, President Donald Trump said he disagrees with Kemp’s decision to move quickly to reopen large parts of the state’s economy. “I told the governor of Georgia, Brian Kemp, that I disagree, strongly, with his decision … Continued
April 23, 2020

Brooks: Every day Ivey delays reopening causes “more economic suffering”

Congressman Mo Brooks, R-Huntsville, on Wednesday repeated his call for Alabama Gov. Kay Ivey to lift the restrictions that have shut down the Alabama economy. “Every day, Governor Ivey delays causes more economic suffering by Alabama’s economy,” Brooks stated on social media. On Monday, Brooks, after consulting with his appointed counsel of advisors, sent a … Continued
April 23, 2020

Shelby, Jones vote for $484 billion coronavirus relief bill

U.S. Sens. Richard Shelby, R-Alabama, and Doug Jones, D-Alabama, both applauded the Senate’s passage Tuesday of the “Paycheck Protection Program (PPP) and Health Care Enhancement Act.” The $484 billion measure provides additional funding to assist small businesses and meet the urgent healthcare needs of American families and workers during the COVID-19 public health pandemic. The … Continued
April 22, 2020