January 17, 2022 Group Watch: State Starts 2022 Session with Revenue Windfall
As the legislature figures out how to allocate ARPA funds, state finance folks shared that Alabama collected record-high revenue in 2021. The General Fund was up 11.4 percent, reaching $3 billion. The Education Trust Fund has hit $8.6 billion, representing a 16.4-percent hike over the previous year. It’s great news, but officials noted that the rate of increase was not sustainable and advised lawmakers to spend it carefully. One place some of the money may go is to the state worker and educator pay raise that Ivey called for in her state-of-the-state speech.
