“This is an unprecedented budget in an unprecedented time,” Sen. Arthur Orr, R-Decatur, said Thursday after the Alabama Senate approved an almost $9 billion spending plan (SB88) for education in the 2024 fiscal year. The record budget includes reduced income-tax rebates, while the Senate also approved almost $3 billion in supplemental appropriations for this year’s budget. The education budget chair called it “the most trying budget ever,” referencing having to spend a surplus while bracing for a revenue slowdown.
Both state budgets have now been approved by at least one chamber.
Meanwhile, the governor signed into law legislation that could mean declared emergencies will affect prices only in certain areas rather than the whole state.
The Alabama House will convene at 1 p.m. and the Alabama Senate at 2:30 p.m. Tuesday, May 9, for the 19th day of the 2023 regular session. The Legislature is expected to meet two days, rather than three next week.
For legislative and other news of relevance to retailers,
read This Week in Retail News.
THIS WEEK IN RETAIL NEWS
Senate approves $8.8B education budget, $2.8B surplus spending plan (alabamadailynews.com)
Proposed one-time income tax rebates for individuals drop from $400 to $105 (alabamaretail.org)
Senate removes Main Street grants from supplemental appropriations (alabamaretail.org)
House votes to exempt overtime pay from Alabama income tax for at least 3 years (alabamaretail.org)
Alabama metro areas have the lowest unemployment rates in the nation (labor.alabama.gov)
WIC income guidelines have increased; more may qualify (alabamapublichealth.gov)
Grocery bill would freeze local taxes on food (aldailynews.com)
CONTACT YOUR LAWMAKERS