General Fund Budget Outlook is Negative
Montgomery, AL – State legislators will begin the 2005 regular session in a couple of weeks. And, they're already warning of sharp budget cuts for the next fiscal year. Alabama's General Fund budget is expected to spend about one-and-a-half billion dollars this year. But it needs at least another 255 million dollars, and lawmakers say that number could go as high as 300 million. They say the extra money is needed just to keep pace with funding needs of current programs. The 2006 fiscal year begins October First.