Proposed Budget - Fiscal Year 2025
On February 7, Alabama Governor Kay Ivey released her fiscal 2025 budget recommendations for both the General Fund and the Education Trust Fund. The General Fund proposes $3.3 billion in non-earmarked spending, an increase of $285.9 million or 9.5 percent, over fiscal 2024 appropriations. The Education Trust Fund proposes $9.3 billion in spending for fiscal 2025, an increase of $549.9 million or 6.3 percent, over fiscal 2024 appropriations. The budget anticipates a beginning balance in fiscal 2025 of $245.2 million in the General Fund and $1.4 billion in the Education Trust Fund. Net receipts to the General Fund are projected to decline $39.2 million, or 1.3 percent, compared to the current year. Net receipts to the Education Trust Fund are projected to decline by $73.0 million, or 0.7 percent, compared to estimated fiscal 2024. The estimated balances at the end of fiscal 2025 are $0 for the General Fund and $826.5 million in the Education Trust Fund.