On the Downward Slide
The legislature thought they had it tough the last couple of years when just the general fund budget was tight. Now, it will be tight in both budgets. It’s going to add fuel to an already burning fire of tough politics in the state legislature next session.
The slower growth means “the state may have to dip into reserves” to meet budgeted spending of $6.703 billion from the trust fund this year, assistant state Finance Director Bill Newton said.
Education fund growth slows; general fund flat- al.com
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