Raise Salaries or Cut Taxes? Politics May Swamp Surplus

Sigo, Shelly
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p54
Trade Publication
The article provides an overview of the fiscal condition of Alabama. The total unfunded pension liability of Alabama in $14 billion. The state's total $1 billion surplus is a result of greater-than-forecast sales and income tax revenue in fiscal 2006. The projected $170 million in revenue for 2007 is attributed to proceeds from taxes on property, insurance, oil and gas.


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