Alabama budgets end balanced

Alabama budgets end balanced

October 2nd, 2011 by Associated Press in News

MONTGOMERY, Ala. - Top officials in Gov. Robert Bentley's administration say the state's two budgets are ending the fiscal year without any more across-the-board cuts.

State Finance Director Marquita Davis and Chief of Staff David Perry said that was achieved by getting $25 million from Alabama's abandoned property program to pay for unexpected costs from the April tornadoes.

The state ended its fiscal year Friday. The governor had to cut the General Fund budget 15 percent and the education budget 3 percent in February due to less-than-expected tax collections. Davis said she was pleased to get through the fiscal year without more cuts.

Davis said it's too early to tell whether cuts will be needed in the budgets for the new fiscal year that started Saturday.