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Earmarking and the fact that most of the growth taxes are in the separate Education Trust Fund often places the General Fund in proration, which it is in now 10.6 percent.

That's according to the National Conference of State Legislatures in its annual summer state budget report released Tuesday.

times like these, I like to have one budget so you can plan, Barton said.

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That when the Alabama Trust Fund transfers end.

State Nike Shoes For Men With Price Rep. Jim Barton, R Mobile, chairman of the House Ways and Means General Fund Committee, said even if the feds allow Internet sales taxes, it might be three years before the taxes produce income.

admittedly a short term solution, Orr said. we have to go without the amendment, the cuts will come a lot quicker, obviously, and will be more punitive. Alabama Trust Fund is the state depository for oil and gas royalties. The funds are invested and produce income, but the constitution does allow the trust fund to be tapped as it previously Nike Running Shoes Neon Orange

According to the NCSL, Alabama will end the Sept. 30 fiscal year with no balance to carry into 2012 2013, a year the General Fund again is likely to end with a zero balance. (California is expected to have a budget deficit for two years.)

And now there's the worry of federal deficits.

our hope, that it will buy us a little time before we can start getting (Internet tax) money, Barton said.

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Orr said he doesn envision serious talk about combining budgets until the economy improves, because combining budgets now (and it would take a statewide vote) when Medicaid needs an additional $150 million would hurt the education budget.

Since the trust fund transfer is temporary, lawmakers in the 2012 session came up with Plan B dispensing Internet sales taxes should Congress clear their collection. The Public Affairs Research Council of Alabama estimates an Internet tax would produce $210 million a year.

Sales and income tax revenues that support the Education Trust Fund are growing.

´╗┐Alabama's General Fund hasn't stabilized

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A major reason for Alabama zero balance is unlike most states, it has two Running Shoes Nike 2018

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budgets the General Fund and the Education Trust Fund.

If the vote fails, lawmakers will have to find other revenue or Gov. Robert Bentley will have to cut spending by about 17 percent.

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Combine their revenues and a single Alabama budget likely would have a surplus, Senate Finance and Taxation General Fund Committee Chairman Arthur Orr, R Nike Grey Trainers Ladies

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Barton said he, Orr and Bentley have discussed the concept of one budget, but political realities won allow combining them right now.

Decatur, said Tuesday.

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For a variety of reasons, other states will have positive budget balances, but not Alabama's General Fund and Connecticut's budget.

But since Alabama doesn have one budget, and because most revenue is earmarked, the only place the Legislature could get new money to cover General Fund spending, barring tax increases, was to ask voters to take money from the $2.5 billion Alabama Trust Fund.

The precarious state of the General Fund puts pressure on Sept. 18 passage of the constitutional amendment that asks voters to transfer $147 million a year for three years to the General Fund. If voters approve, tapping the ATF will prop up the $1.73 billion General Fund beginning Oct. 1.

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According to the NCSL, Alabama will end the Sept. 30 fiscal year with no balance to carry into 2012 2013, a year the General Fund again is likely to end with a zero balance. (California is expected to have a budget deficit for two years.)

If the amendment passes, the transfer could be enough to stave off cuts in Medicaid and prisons barring unforeseen circumstances and another economic downturn.

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has been.

Even if the economy begins to turn, the NCSL reported that storm clouds are developing: the amount and details are unknown, federal deficit reductions are expected to adversely affect state budgets. said troubles him because Alabama gets billions of dollars in federal funding.

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