Alabama Tax Money for Schools on the Rise

MONTGOMERY, Ala. (AP) - A state official says Alabama's tax
collections for education rose 1.9 percent in March from a year
earlier.

Acting state Finance Director Bill Newton said Thursday it's a
sign that the state economy has stopped shrinking.

The finance department says the trust fund collected $442
million in March, an increase of $8 million, or 1.9 percent from
March 2009.

The finance department also reported that revenues for the
General Fund totaled $634.3 million in October through March, a
drop of 20.5 percent from the same period a year earlier.

Last year, lawmakers transferred money to the General Fund that
had been reserved to pay potential refunds to companies disputing
past payments of business privilege taxes.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 89773482 - wtvy.com/a?a=89773482
Gray Television, Inc.