Editorial: Amendment 3 - WSFA.com Montgomery Alabama news.

Editorial: Amendment 3

Posted: Updated:
  • EditorialsMore>>

  • Guest Editorial: 9/11 reminds us...

    Guest Editorial: 9/11 reminds us...

    Thursday, September 11 2014 7:20 PM EDT2014-09-11 23:20:03 GMT
    Human memory is an interesting thing. Time can water it down, remove the impact and significance of past events. As I watched the 13th anniversary commemoration ceremonies for 9/11, I was reminded of that.More >>
    Human memory is an interesting thing. Time can water it down, remove the impact and significance of past events.More >>
  • Editorial: "DirecTV Agreement"

    Editorial: "DirecTV Agreement"

    Sunday, September 7 2014 6:29 PM EDT2014-09-07 22:29:39 GMT
    I'd like to address our viewers on DirecTV. Raycom Media promised to work around the clock to get WSFA 12 News back on the air, and Sunday before noon we did just that. We have an agreement in principleMore >>
    I'd like to address our viewers on DirecTV.More >>
  • Guest Editorial: Montgomery should use new web site for accountability

    Guest Editorial: Montgomery should use new web site for accountability

    Friday, September 5 2014 12:39 AM EDT2014-09-05 04:39:01 GMT
    WSFA's Ken Hare made a suggestion in his digital only column on WSFA.com last week, and I thought it was an idea worth an on-air editorial. The City of Montgomery is asking for suggestions from the publicMore >>
    WSFA's Ken Hare made a suggestion in his digital only column on WSFA.com last week, and I thought it was an idea worth an on-air editorial.More >>

MONTGOMERY, AL (WSFA) - Voters will decide November 2 whether to spend one billion dollars from the Alabama Trust Fund over the next ten years on transportation infrastructure. 

The ballot issue is Amendment 3 and we recommend voting against it. 

The General Fund will lose at least 30 million dollars a year in interest income from this trust if we vote for it, and possibly much more. 

The General Fund is already depleted and to further cut funds for all services already struggling with cuts is not wise. The General Fund serves Medicaid, Public Health and Safety and Corrections – everything but Education. 

The payoff for taking this money from our trust is dubious.  The transportation projects will not necessarily be for the most needed, but the most politically profitable.  One hundred million dollars each year won't address the transportation issues either.  This is an important need, but going about it this way is not strategic, but counter productive.  

Trust fund assets have already shrunk half a billion dollars in the past few years. 

Now legislators want to take more money from the state's savings account. 

Don't let them!  Vote no on Amendment 3!

©2010 WSFA. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Powered by WorldNow