October 2022 Group Watch: Tax Rebate a Topic in Upcoming Session
Republican leaders in the legislature have already been hinting at a potential tax rebate, and Governor Kay Ivey has expressed her support as Alabama enjoys a temporary surplus of federal funding. The governor voiced her commitment to work closely with the legislature to provide direct relief to the people of Alabama. Ivey said she will present a plan to lawmakers to allocate these funds in a manner that helps our citizens with the issues facing them today. The state’s Education Trust Fund ended FY22 with a historic $10.4 billion in revenue, more than 20 percent higher than 2021. The bulk of that surplus is due to an inundation of federal funding in response to the COVID-19 pandemic. While the revenue levels are historic, they are unsustainable, so the state must plan and operate responsibly.
