Rainy Day Fund http://apr.org en Ala. Budget Chairman Says Teacher Raise Unlikely http://apr.org/post/ala-budget-chairman-says-teacher-raise-unlikely <p></p><p>The chairman of a Senate education budget committee says a raise for school employees appears unlikely in the fiscal year that begins next October.</p><p>Chairman Trip Pittman said Tuesday repaying the education budget&#39;s debt to the state Rainy Day Fund is a priority for fiscal 2015 because it&#39;s required by state law.</p><p>Pittman says debt and other obligations, including increased health insurance costs, will likely use up extra money in the fiscal 2015 budget.</p> Tue, 01 Oct 2013 21:11:41 +0000 The Associated Press 38955 at http://apr.org Ala. Budget Chairman Says Teacher Raise Unlikely Alabama Pays Majority Of Rainy Day Fund Debt http://apr.org/post/alabama-pays-majority-rainy-day-fund-debt <p></p><p>Gov. Robert Bentley says the state is about to repay the majority of a big debt it owes.</p><p>He said Friday the state will repay $260 million to the Rainy Day Fund for public schools in the next few days. He says the repayment is a sign the economy is picking up in Alabama, including the collection of more income and sales taxes.</p><p>The state&#39;s Rainy Day Fund was empty when Bentley came into office because $437 million had been removed to shore up the state education budget during the recession in 2009. State law required the repayment of the money by Sept. 30, 2015.</p> Fri, 27 Sep 2013 20:41:53 +0000 The Associated Press 38727 at http://apr.org Alabama Pays Majority Of Rainy Day Fund Debt