Statement From Governor Ivey On The Close Of Fiscal Year

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Governor Kay Ivey

MONTGOMERY-Following the close of the fiscal year, Governor Ivey issued the following statement:

“Last week, we closed out the fiscal year, and I am proud to report to the people of Alabama that thanks to the conservative management of our budgets for the past several years, Alabama’s financial footing is very strong. Let’s be clear, though: This is the citizens’ hard-earned money, and I thank each and every one of them for keeping our economy rolling and economic activity robust, even in a difficult climate. While our budgets are balanced, we are recording revenues far exceeding normal levels. In fact, these revenues are historic, but completely unsustainable. No doubt, this surplus is a direct result of reckless spending by the federal government. 

“Many predict – and I agree – a potential downswing in the economy is right around the corner. We must ensure both Alabama and her citizens are in the best possible position to weather any future economic circumstances. We all know the bills have got to be paid one day, and we cannot make permanent structural change because of temporary circumstances. Anyone who tells you otherwise is likely looking to score political points – just as our federal government has done with their massive spending. 

“And while the federal government acts recklessly, we, in Alabama, will be deliberate and thoughtful with our taxpayer dollars. I have spoken to folks across the state, and people are feeling the pinch of today’s economy, and I have committed to them that I want to provide some relief to their pocketbooks.

“As we move through the November election cycle, I will work closely with the Legislature to provide relief directly to the people of Alabama. I will present a plan to the Legislature to allocate these funds in a manner that helps our citizens with the issues that we face today, while also considering our children and their future. I do believe that some form of rebates should be considered, but rest assured that every option we are exploring will be focused on the interests of our citizens and keeping our people first.” – Governor Kay Ivey

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