(MONTGOMERY, Ala.) -- By a 2-to-1 margin, voters on Tuesday approved a constitutional amendment that allows $437 million to be transferred from the Alabama State Trust Fund to the General Budget over the next three years.
The move would prevent cuts to funding for a number of state agencies, and following the vote, Governor Robert Bentley issued a statement regarding the approval.
"I want to thank the voters for approving the state’s plan to temporarily borrow funds from our savings account to help get us through these difficult economic times without raising taxes," Bentley said. "Once again, I pledge to the people of this state that the funds transferred to help support critical state services will be paid back."
Bentley said the temporary funding move was a necessary one to maintain essential services, while the state works to "streamline and right-size government."
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