MONTGOMERY, Ala. (AP) - Gov. Bob Riley said Wednesday that more education cuts are likely in the coming school year as the economy continues to founder.
He says a lot is in the air, but if the economy doesn't improve significantly or if there is not a change in what the state is obligated to pay for health care and pensions, reductions are inevitable for next fiscal year.
Legislative budget chairmen Rep. Richard Lindsey and Sen. Hank Sanders agree that short of a miraculous fiscal recovery, public schools will again be facing a funding shortfall in the budget year that starts Oct. 1.
Trust fund tax collections from October through last month were $387.6 million, 8.7 percent less than the same period a year ago.
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