Pay Raises, Targeted Funding Increases in Ivey’s Budgets
Gov. Kay Ivey submitted her budget proposals to the Legislature Wednesday, asking for modest pay raises for teachers, school support staff and state workers, along with targeted funding increases for several programs, including the state's troubled prison system. Ivey's proposed Education Trust Fund for fiscal year 2022 totals $7.65 billion, an increase of more than $440 million from the current fiscal year. Her General Fund budget totals $2.45 billion, which is a decrease of $31 million from the current year's budget. Both budgets are based on state tax revenue projections, which state finance officials are cautiously optimistic about at the moment. Both budgets also have mechanisms that direct excess revenue to "rainy day" accounts to prevent future budget cuts known as proration. Read more.