Education A State Capitals Roundup

Alabama Reports Revenue Rebound

By David J. Hoff — September 22, 2004 1 min read
  • Save to favorites
  • Print

Taxes collected for the Alabama Education Trust Fund—primarily on sales and income—have risen 8.9 percent in the first 11 months of the fiscal year that ends Sept. 30, state finance director Jim Main reported last week.

The fund underwrites K-12 and higher education.

Revenues jumped $340 million over that span, from $3.8 billion to $4.2 billion. This past month was particularly good, with tax collections outpacing those for August 2003 by almost 25 percent.

In fiscal 2004, the state cut almost $100 million from its $3 billion K-12 budget after voters rejected a ballot measure to rewrite the tax code. (“Alabama Voters Reject Gov. Riley’s Tax Plan,” Sept. 17, 2003.)

But much of the surplus has been budgeted for in this school year, and $36 million will be added to a rainy-day fund, a spokeswoman for the state department of education said.

Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Classroom Technology Webinar
How to Leverage Virtual Learning: Preparing Students for the Future
Hear from an expert panel how best to leverage virtual learning in your district to achieve your goals.
Content provided by Class
English-Language Learners Webinar AI and English Learners: What Teachers Need to Know
Explore the role of AI in multilingual education and its potential limitations.
Education Webinar The K-12 Leader: Data and Insights Every Marketer Needs to Know
Which topics are capturing the attention of district and school leaders? Discover how to align your content with the topics your target audience cares about most. 

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education From Our Research Center What's on the Minds of Educators, in Charts
Politics, gender equity, and technology—how teachers and administrators say these issues are affecting the field.
1 min read
Stylized illustration of a pie chart
Traci Daberko for Education Week
Education Briefly Stated: August 30, 2023
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: August 23, 2023
Here's a look at some recent Education Week articles you may have missed.
9 min read
Education Briefly Stated: August 16, 2023
Here's a look at some recent Education Week articles you may have missed.
8 min read