Author: Mary Sell (Mary Sell)

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RSA reports $8.5B returns in 2021
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RSA reports $8.5B returns in 2021

According to preliminary numbers reported to the RSA boards in September, TRS had an investment income of $5.7 billion for the 12 months ending that month. For ERS, it was $2.8 billion.

Permitless carry gun bills gaining support
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Permitless carry gun bills gaining support

Current law lists several places where firearms aren’t allowed even with a concealed carry permit, including law enforcement offices and courthouses.The law also says firearms aren’t allowed “at any facility hosting an athletic event” including K-12 schools or colleges, unless the gun owner has a permit.

Financial abuse prevention law goes into effect Jan. 1
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Financial abuse prevention law goes into effect Jan. 1

According to AARP, more than 334,000 incidents of elder financial exploitation are reported to authorities in the U.S. each year, causing an estimated $6.3 billion in losses. And those figures are likely lower than the true problem because abuse is underreported.

Lawmakers bring tax cut proposals for low-income, retired Alabamians
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Lawmakers bring tax cut proposals for low-income, retired Alabamians

Currently in Alabama, retirement incomes from 401(k)s and other defined contribution plans are subject to state income tax, paying between 2 and 5%. But Alabamians who have defined benefit plans — including pensions from the state or federal government and the Tennessee Valley Authority — are not taxed on their retirement income. 

Higher ed requesting $2.01B in 2023
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Higher ed requesting $2.01B in 2023

Jim Hood, ACHE’s deputy director of financial and information systems, said leaders realize recent significant revenue increases are not sustainable moving forward and at least some of the it should be considered one-time money, including for capital expenses.

State BOE: Masking requirement decisions should be made at local level
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State BOE: Masking requirement decisions should be made at local level

Approved unanimously by the state board, including board leader Gov. Kay Ivey, the resolution says the board believes local school systems are in the best position to make informed decisions on what is best for their community and that “certain matters of health and safety policy should be reserved for LEAs to determine.”

ACCS board approves 2023 budget request, chancellor raise
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ACCS board approves 2023 budget request, chancellor raise

By MARY SELL, Alabama Daily News The Alabama Community College System is requesting a 14.8% state funding increase in fiscal 2023. The ACCS board approved on Wednesday the request that would bring the 24-college system’s allocation in the state education budget to $539.9 million. The proposed increases include $31.5 million for colleges’ operations and maintenance...

Tim James running for Alabama governor
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Tim James running for Alabama governor

James told Alabama Daily News he plans to formally kickoff his campaign next month, but he’s already visiting parts of the state with some campaign help, including former Alabama GOP Chairman Bill Armistead, and will be in the Shoals Tuesday and Wednesday.