Lawmakers Worry About 2017 Budget

Tuesday, October 13, 2015

 

Alabama’s revenues increased in fiscal 2015, but lawmakers are saying additional money in the General Fund in recent years was largely a one-time fund or the result of transfers to help the struggling fund.  The governor’s office reported last week that net revenues in the Education Trust Fund for fiscal 2015 were up to more than $6 billion. Meanwhile, records show that in the smaller General Fund, revenues were up to more than $1 billion. Lawmakers last month increased the General Fund’s revenue streams by increasing by 25 cents per pack the state cigarette tax and moving use tax revenue from the Education Trust Fund. Representative Lynn Greer who serves on the House General Fund committee says he doesn’t see much on the horizon that makes him think lawmakers will have any easier of a budget situation when they return to Montgomery in February.

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