Tuesday
Jul032012
Increased Education Trust Funds Help Avoid Spending Cuts
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(MONTGOMERY, Ala.) -- Alabama’s Education Trust Fund predicted Monday that they will collect enough state income taxes to avoid spending cuts, according to the Birmingham News.
From October through June, $4.25 billion was collected by the trust fund, which was a $269.9 million increase from the same period last year.
A majority of the state tax dollars will go to public schools and colleges.
Copyright 2012 ABC News Radio
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