MONTGOMERY, Ala. (AP) - Alabama voters have approved an amendment that allows state officials to dip into the Alabama Trust Fund to plug budget holes.
Amendment One was passing with 56 percent of the vote with 87 percent of precincts reporting statewide late Tuesday night.
The amendment expands the state's rainy day fund for the education budget and creates one for the General Fund budget by borrowing money from the Alabama Trust Fund.
Gov. Bob Riley and education officials including State Superintendent Joe Morton said the passage of Amendment One is crucial to minimize across-the-board cuts in education.
But some opponents say the revision amounts to a bailout for politicians who have made a mess of state finances.