Education Trust Fund Alabama Formula
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FAQ
In fiscal year 2022, individual income taxes, corporate income taxes, and general sales taxes account for over 90% of ETF revenues. From fiscal year 2013-2022 nominal ETF spending grew by 64.7%, totaling almost $9 billion last year including supplemental appropriations.
While education may not be a "fundamental right" under the Constitution, the equal protection clause of the 14th Amendment requires that when a state establishes a public school system (as in Texas), no child living in that state may be denied equal access to schooling.
On Thursday afternoon, Governor Ivey signed the 2024 ETF budget into law. The budget totaled $8.8 billion dollars, a record-setting budget for the state. This is alongside a $2.8 billion supplemental budget See below for a step-by-step update of the budget process from this year.
By: Ralph Chapoco - am. The Alabama Legislature approved the $8.8 billion Education Trust Fund budget and a $2.7 billion supplemental funding bill on Thursday night, sending them to Gov. Kay Ivey after a marathon day with multiple meetings.
The Court held for the plaintiffs in March of 1993, granting public education in Alabama a ?fundamental right? status and granting students rights to an equal and adequate educational opportunity and to Page 3 3 equal protection and due process under the state constitution.