Alabama Tax Collections Below FY 2009

By: The Associated Press
By: The Associated Press

Alabama officials report that tax collections for the state Education Trust Fund were down 1.8 percent in the first 11 months of this fiscal year, compared to the same period a year earlier.

The Birmingham News says the state finance department reported Wednesday that the trust fund, the main source of state funds for public schools and colleges, collected $4.739 billion in October through August, a drop of $85.9 million compared to the same period a year earlier.

Officials say education tax collections have improved for two consecutive months.

The finance department also reported that revenues for the General Fund, a major source of money for Medicaid, prisons and other state functions, totaled $1.147 billion in October through August, a drop of $306.8 million, or 21.1 percent, from a year earlier.


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