Budget Stabilization and Proration Prevention Act in Alabama
Issue Overview: This legislation calls for a constitutional amendment that would place spending limits, or caps, or both on the Education Budget and General Fund Budget. The amendment would also require the maintenance of 6 percent "rainy day accounts" in both budgets, to offset any revenue shortfalls.
NFIB Position: Eighty-nine percent of NFIB/Alabama members support this legislation, according to the Member Ballot.
Issue Status: Legislation to accomplish this change was introduced in the 2004 Regular Session. Senate Bill 479 has been introduced again in the 2008 legislative session by Sen. Scott Beason (Gardendale).
What to Do: Talk to your legislators and urge them to support the budget stabilization legislation.
