Ivey proposes record General and Education Trust Fund budgets

1 day ago · MONTGOMERY, Ala. – Gov. Kay Ivey is proposing record budgets for both the General Fund and education budgets in fiscal 2026 with increases for Medicaid, state …

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Ivey Proposes Record General Fund, Education Budgets For 2024

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Mar 21, 2023 · Gov. Kay Ivey’s proposed $2.96 billion General Fund and $8.80 billion Education Trust Fund budgets for 2024 are the most ever in their current form, with increases to most …

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Gov. Ivey Proposes Record Budgets For General And Education Funds

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Mar 23, 2023 · Ivey requested $2.97 billion in spending for the general fund – $230 million more than the 2023 budget – which is an 8.4 percent increase. The increase comes after the state …

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Governor Signs Historic Education And General Fund Budgets

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Jun 2, 2023 · Gov. Kay Ivey signed off Thursday on a historic Education Trust Fund and General Fund. Altogether, the budgets represent $15 billion in appropriations. Sen. Arthur Orr, R …

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Ivey Budgets: 2% Pay Raises For State Employees, Teachers; $400 …

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Mar 21, 2023 · MONTGOMERY, Ala. – Gov. Kay Ivey on Tuesday sent lawmakers state spending plans that include 2% raises for educators and state employees and one-time tax rebates of …

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Gov. Kay Ivey, Education Advocates Request 6% ETF Budget Increase

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1 day ago · Gov. Kay Ivey will request a $9.9 billion Education Trust Fund budget for 2026, a 6% increase over the current year. “That would move us then into the FY26 direct ETF budget …

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Legislature Sends $3.4 Billion General Fund Budget To Gov. Ivey

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May 8, 2024 · The budget includes a 2 percent pay raise for state employees and increases for most agencies as the general fund remains healthy. “While being good stewards of taxpayer …

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Ivey’s $10 Billion Education Budget Includes New Support For High …

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1 day ago · After months of discussion about modernizing Alabama’s school funding system, Gov. Kay Ivey now plans to direct $100 million toward high-needs schools and students. Officials …

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Ivey Proposes Increased State Budgets, But Financial Leaders Warn ...

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Mar 8, 2023 · Gov. Kay Ivey is requesting an $8.79 billion budget in the Education Trust Fund, a 6.5 percent increase over last year’s record-setting budget. But Alabama Finance Director Bill …

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Governor’s Budgets Propose One-time Tax Rebate, Teacher Pay Raises

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Mar 21, 2023 · The general fund proposal is around $2.9 billion. The big news out of the education budget is a 2% pay raise for teachers. Poole said there is also a focus on increasing …

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FAQs about Ivey proposes record General and Education Trust Fund budgets Coupon?

What are Ivey's budget proposals?

Ivey proposed putting $50 million into the General Fund’s rainy-day reserves and paying off about $40 million in debt obligations with supplemental appropriations for the current fiscal year. Finance Director Chris Poole applauded Ivey’s budget proposals, saying they should prepare the state for sustainability in the future. ...

What's in Bill Ivey's education plan?

Included in Ivey’s proposal is a 2% pay raise for education employees, new investments in teacher recruitment, childcare, and more spending for laying the foundations of early grades learning required under the Literacy and Numeracy Acts. Ivey’s proposal also includes big increases for childcare, and afterschool and summer learning programs. ...

What's new in Ivey's education plan?

The proposal reflects a 6.5% increase over the current year’s $8.3 billion education budget. Included in Ivey’s proposal is a 2% pay raise for education employees, new investments in teacher recruitment, childcare, and more spending for laying the foundations of early grades learning required under the Literacy and Numeracy Acts. ...

What is the state's Education budget?

The biggest chunk of the education budget - $4.5 billion - will fund the state’s Foundation Program - the formula for funding K-12 schools. The Program includes teacher pay, classroom supplies, and pay for administrative and support personnel. The current year’s budget is $4.2 billion. ...

Will a record-setting education budget last?

The record-setting education budget is possible because of historic revenues, but state officials caution that that level of increases in the Education Trust Fund won’t last. Finance Director Bill Poole told reporters the state should heed lessons learned from past economic downturns. ...

What is the $400 tax rebate Ivey proposed?

The $400 tax rebate Ivey proposed would come out of the state’s Education Trust Fund budget for the current fiscal year and cost nearly $1 billion. The proposed rebate is part of a group of proposed supplemental appropriations totaling $2.8 billion. ...