Education budget expected to finish year int he black - | WBTV Charlotte

Education budget expected to finish year int he black

Alabama legislators finally got good budget news in a regular session that has seen lawmakers struggle to find enough money to fund Medicaid and other non-education services.

 The chairman of the House Ways and Means-Education Committee, Republican Rep. Jay Love of Montgomery, told House members Thursday night that state revenue officials have determined the $5.8 billion education budget for the current fiscal year will finish the year in the black.

 He attributed the good budget news to increased income tax revenue because of Alabama's reduced unemployment rate. He said more people are paying income taxes.

 The House approved a bill to split any excess revenue in this year's education budget with 70 percent going to K-12 schools and 30 percent to higher education. The bill now goes to the Senate.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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