2014 Education Trust Fund Performance
While the looming shortfall in Alabama’s ailing General Fund has received much attention, the state’s Education Trust Fund (ETF) isn’t exactly enjoying robust growth, according the recently published year-end report on receipts to the fund. The ETF, which pays for public K-12 and higher education plus an assortment of other smaller agencies, grew just 2.1 […]
A Look at 2014's Anemic General Fund Performance
The final tallies are in for fiscal year 2014 collections to the state’s General Fund. The results are, as usual, lackluster. Collections from the assortment of taxes that feed the Fund grew by just 1.03 percent over 2013. That’s pretty typical performance for the General Fund, and that anemic growth is the root cause of […]
Alabama’s Ailing General Fund
When the new legislature convenes in 2015, it will face an old problem: a shortfall in the state’s $1.8 billion General Fund account. This time, state leaders are expecting as much as a $200 million gap between revenues available for fiscal 2016 and the appropriations needed to maintain services. Any such imbalance between revenues and […]