State leaders say AL in financial 'crisis' - WAFF-TV: News, Weather and Sports for Huntsville, AL

State leaders say AL in financial 'crisis'

Gov. Bentley said his solution to the state's financial problems is a revenue-raising package he plans to present in March. (Source: WAFF) Gov. Bentley said his solution to the state's financial problems is a revenue-raising package he plans to present in March. (Source: WAFF)

Governor Robert Bentley says the state of Alabama is in extreme need for money.

Bentley said his solution to the state's financial problems is a revenue-raising package he plans to present in March that, in his words, would cause him to pay more taxes.

Senator Arthur Orr said it's a difficult situation they'll be facing in March when the new legislative session begins, calling it an "uphill" financial challenge.

Orr said the first priority will be looking at cuts. Orr wants to see what cuts can be made to create a more financially efficient government. Another solution is to go through the tax code and evaluate every loop hole to see if it's still good policy in 2015. 

Finally, Orr wants to look at the tax code.

“This is a crisis, and I would say that it is that,” Orr said. “With that does come an opportunity and one of things we're doing in addition to looking at both budget cuts and addition to looking at un ear marking state revenues is looking at out tax code and going over it literally page by page. “

Bentley said the General Fund budget deficit ranges from $265 million to maintain the status quo to as much as $700 million to repay the state's debts. 

He said the new Republican-controlled Legislature will have to either raise revenue or cut some states agencies to the point they won't be able to function.

Copyright 2015 WAFF. All rights reserved.

  • NewsMore>>

  • First Alert Weather: Severe afternoon storms

    First Alert Weather: Severe afternoon storms

    Monday, March 27 2017 9:47 AM EDT2017-03-27 13:47:43 GMT

    Today is a First Alert Weather Day for the potential for strong to severe storms this afternoon and evening. Temperatures will warm quickly, despite the cloudiness, into the mid-70s by the afternoon. ?

    More >>

    Today is a First Alert Weather Day for the potential for strong to severe storms this afternoon and evening. Temperatures will warm quickly, despite the cloudiness, into the mid-70s by the afternoon. ?

    More >>
  • Nearly half of Decatur City School students moving to new locations in 2018

    Nearly half of Decatur City School students moving to new locations in 2018

    Monday, March 27 2017 7:36 AM EDT2017-03-27 11:36:57 GMT
    According to our news gathering partners at the Decatur Daily, much of the  Decatur City Schools' student body will start the 2018-19 school year in a new location. The district has embarked on the largest building expansion in its history, at a cost of about $100 million.  This unprecedented move will impact nearly half of all students in the district and every student in grades 9-12, a mobilization of students that has not seen since integration in the 1960s.  Deca...More >>
    According to our news gathering partners at the Decatur Daily, much of the  Decatur City Schools' student body will start the 2018-19 school year in a new location. The district has embarked on the largest building expansion in its history, at a cost of about $100 million.  This unprecedented move will impact nearly half of all students in the district and every student in grades 9-12, a mobilization of students that has not seen since integration in the 1960s.  Deca...More >>
  • Two shot overnight at Twickenham Village apartments

    Two shot overnight at Twickenham Village apartments

    Monday, March 27 2017 7:12 AM EDT2017-03-27 11:12:46 GMT
    Source: WAFFSource: WAFF

    The Huntsville Police Department is investigation two shootings that occurred Sunday night.  The first call came in around 11:30 p.m. Residents at the Twickenham Village apartment community reported hearing 4-5 gunshots in the area.  

    More >>

    The Huntsville Police Department is investigation two shootings that occurred Sunday night.  The first call came in around 11:30 p.m. Residents at the Twickenham Village apartment community reported hearing 4-5 gunshots in the area.  

    More >>
Powered by Frankly