Education Trust Fund Alabama Forum
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FAQ
The Education Trust Fund (ETF) budget funds all state education activities, including K-12 programs and higher education. The primary revenue streams for the ETF budget are income and sales taxes.
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.
In total, lawmakers approved nearly $8.8 billion for the state's 2024 Education Trust Fund budget, $5.1 billion of which was for individual school districts, administered by the education department.
Through Aug. 31, Alabama's Education Trust Fund collected $9.3 billion - $500 million more than the $8.8 billion lawmakers allocated for the 2023-24 budget year. And that's with one more month left in the 2023 fiscal year.
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.