Representative proposes plan to pay back trust fund - WAFF-TV: News, Weather and Sports for Huntsville, AL

Representative proposes plan to pay back trust fund

Under his plan, the full amount would be restored by 2026. Under his plan, the full amount would be restored by 2026.
MONTGOMERY, AL (WAFF) -

Back in September, voters approved taking $437-million from the Alabama trust fund to cover emergency needs. One lawmaker has a plan to pay it back.

State Representative Jay Love unveiled his proposal Wednesday afternoon in Montgomery.

Under his plan, the full amount would be restored by 2026.

Love said additional savings over the next few years should clear the way for those funds to be freed up.

"State government is not a speed boat that can be turned around very quickly. It's an aircraft carrier that takes a while to turn around, and we put those reforms in place," said Love. "We've got more reforms coming that will benefit the taxpayers. It just takes a while to get that through the system."

The state is actually working to pay off two different accounts. The education trust fund is also paying back the rainy day fund it borrowed from several years ago to the tune of about $420-million.

Copyright 2013 WAFF. All rights reserved.

  • NewsMore>>

  • Brad: Wind chill values in the single digits to lower teens

    Brad: Wind chill values in the single digits to lower teens

    Wednesday, January 17 2018 10:30 PM EST2018-01-18 03:30:15 GMT

    Low temperatures will be in the teens with wind chill values likely in the single digits.

    More >>

    Low temperatures will be in the teens with wind chill values likely in the single digits.

    More >>
  • Snow Day in the Valley: January 16, 2018

    Snow Day in the Valley: January 16, 2018

    Tuesday, January 16 2018 12:42 PM EST2018-01-16 17:42:11 GMT
    (Source: Shannon Anderson)(Source: Shannon Anderson)

    School and business closures led to a morning of fun in the snow for some across the Tennessee Valley. These are some of our favorite shots of the day so far. You can send us your own photos/video by posting them to Facebook, Twitter or Instagram and including the #WAFF48 tag. Alternatively, you can upload your pictures here: http://pix.waff.com/ Limestone County, Ala. - Commission Turning white at Ingall's Harbor. pic.twitter.com/2fPc270aS5 — Decatur Parks & Rec ...

    More >>

    School and business closures led to a morning of fun in the snow for some across the Tennessee Valley. These are some of our favorite shots of the day so far. You can send us your own photos/video by posting them to Facebook, Twitter or Instagram and including the #WAFF48 tag. Alternatively, you can upload your pictures here: http://pix.waff.com/ Limestone County, Ala. - Commission Turning white at Ingall's Harbor. pic.twitter.com/2fPc270aS5 — Decatur Parks & Rec ...

    More >>
  • Teen arrested in Madison hotel shooting

    Teen arrested in Madison hotel shooting

    Monday, January 15 2018 4:38 PM EST2018-01-15 21:38:53 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    Madison police have arrested an 18-year-old in connection to the weekend shooting at Country Inn & Suites on Westchester Drive.

    More >>

    Madison police have arrested an 18-year-old in connection to the weekend shooting at Country Inn & Suites on Westchester Drive.

    More >>
Powered by Frankly