Another Year of Strong Growth in Alabama Tax Collections
The thriving economy produced another year of surging tax collections for Alabama’s General Fund and Education Trust Fund (ETF), the two primary accounts that provide state funding for government operations. The better-than-projected results put the state in a good position to meet current obligations and weather a downturn should it arise. It also appears that […]
Surging economy boosts Alabama 2018 General Fund and ETF Revenues
Thanks to a booming economy, Alabama saw significantly increased revenue to both the General Fund and the Education Trust Fund (ETF) in 2018, with collections far exceeding expectations. By the September 30 end of the 2018 fiscal year, collections for the state General Fund were up 4 percent or $76 million over FY2017, bringing in […]
Lackluster 2016 Receipts to General Fund and ETF
Both the accounts that pay for state government operations, the General Fund and the Education Trust Fund (ETF), ended the 2016 Fiscal Year basically flat when compared to the previous year, a sign that the state’s struggles to balance budgets will continue in the future. What would have been a moderately healthy year of receipts to […]
Education Trust Fund Grows but School Spending Still Behind
Receipts to Alabama’s Education Trust Fund grew by 4.2 percent in FY2015, according to year-end revenue reports, allowing the state to finish repaying the education’s borrowing from the state savings account and to begin socking away additional savings for the next downturn. It should be noted, however, that for the current budget year, state support […]
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 […]