Alabama board seeks to avoid school budget cuts - WSFA.com Montgomery Alabama news.

Alabama board seeks to avoid school budget cuts

MONTGOMERY, Ala. (AP) - The board that oversees Alabama's largest savings account, the Alabama Trust Fund, has taken steps that will help keep the state education budget from being sharply cut.

The board's vice chairman, state Finance Director Jim Main, said the governor has made no decision about when to declare proration, or an across-the-board cut in spending. But it could be next month, and the board acted Thursday to make sure it has cash available next month if the governor needs it.

The rainy day constitutional amendment approved by Alabama voters on Nov. 4 increased the amount of money the governor can borrow from the trust fund once he declares proration. That money can be used to balance the budget and prevent cuts in spending.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

  • NewsMore>>

  • Special counsel obtains thousands of Trump transition emails

    Special counsel obtains thousands of Trump transition emails

    Sunday, December 17 2017 3:19 AM EST2017-12-17 08:19:20 GMT
    Sunday, December 17 2017 8:40 AM EST2017-12-17 13:40:00 GMT

    Several people familiar with President Donald Trump's transition organization say special counsel Robert Mueller's team gained access to thousands of private emails sent and received by Trump officials before his administration began.

    More >>

    Several people familiar with President Donald Trump's transition organization say special counsel Robert Mueller's team gained access to thousands of private emails sent and received by Trump officials before his administration began.

    More >>
  • A CDC ban on 'fetus' and 'transgender?' Experts alarmed

    A CDC ban on 'fetus' and 'transgender?' Experts alarmed

    Saturday, December 16 2017 7:49 PM EST2017-12-17 00:49:07 GMT
    Sunday, December 17 2017 8:39 AM EST2017-12-17 13:39:55 GMT

    Health leaders say they are alarmed about reports that officials at the nation's top public health agency are being told not to use certain words in official budget documents, including "fetus," and "transgender.".

    More >>

    Health leaders say they are alarmed about reports that officials at the nation's top public health agency are being told not to use certain words in official budget documents, including "fetus," and "transgender.".

    More >>
  • Trump defends tax plan, proclaims economy set 'to rock'

    Trump defends tax plan, proclaims economy set 'to rock'

    Saturday, December 16 2017 3:16 AM EST2017-12-16 08:16:02 GMT
    Sunday, December 17 2017 8:00 AM EST2017-12-17 13:00:25 GMT
    (AP Photo/J. Scott Applewhite). House Ways and Means Committee Chairman Kevin Brady, R-Texas, is pursued by reporters in the Capitol after signing the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017.(AP Photo/J. Scott Applewhite). House Ways and Means Committee Chairman Kevin Brady, R-Texas, is pursued by reporters in the Capitol after signing the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017.

    Republicans working to execute their first major legislative achievement of Donald Trump's presidency appear to have secured the votes to pass a massive tax overhaul that Trump hoped to present to Americans. 

    More >>

    Republicans working to execute their first major legislative achievement of Donald Trump's presidency appear to have secured the votes to pass a massive tax overhaul that Trump hoped to present to the American people for Christmas.

    More >>
Powered by Frankly