This is what the rainy day fund was created to do -- get us through times of financial challenge. Without assistance from that fund, proration is certain this year in education -- and will be even higher next year.
The rainy day fund IS DOING what it was set up to do! It was set up so that it could NOT be dipped into and emptied out by the grubby, greedy hands of AEA/Paul Hubbert, the Governor, or the Legislature or any other entity to use for their own agenda!
It was set up to "live" off the interest. If the people ignorantly pass Amendment One AEA, Paul Hubbert, Bob Riley, and the Legislators will have it empty in no time and there will be no interest coming in for the state.
The law may read to "pay it back in 6 years" but that won't mean anything. The Alabama Legislature is very adept at passing forms of bills or rules to get around the people's intent, such as the BIR --Budget Isolation Rule which skirts the legislature from having to deal with the state budget BEFORE dealing with any other business.
Pro ration isn't necessary if they live within their means and actual monies --not by projected budgets.
If the Rainy Day Fund was created to "get us through times of financial challenge", why are we being asked to approve the spending of these funds?
Maybe it's time we show some financial responsibility. Does your household continue spending normally if incoming revenue slows? Would you spend your savings before cutting unnecessary expenses during hard times?
If we vote "Yes", they deplete the fund and raise taxes to reimburse the fund. That's the sad truth.
why put more money up for grabs so we can spend another few hundred thousand to prosecute the politician who decides to embezzle it, seems every politician in the state is crooked or about to be.
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