The state has seen revenue growth in both the General Fund and the Education Trust Fund over the past several years, with the last three years setting records for spending in both budgets. That has come from a growing sales, property and income tax, which sustains the ETF, and online sales tax, a relatively new factor that has led to General Fund growth.
Nonpartisan analysts have said the 755-page "Inflation Reduction Act" would have a minor effect on surging consumer prices.
Republicans said the new measure would undermine an economy that policymakers are struggling to keep from plummeting into recession. They said the bill's business taxes would hurt job creation and force prices skyward, making it harder for people to cope with the nation's worst inflation since the 1980s.
The estimated $740 billion package — passed Sunday by the Senate and heading to the House — is full of party priorities. Those include capping prescription drug costs at $2,000 out of pocket for seniors, helping Americans pay for private health insurance and what Democrats are calling the most substantial investment in history to fight climate change, some $375 billion over the decade.
The ban, which takes effect Sept. 15, includes some exceptions. Abortions would be permitted in cases of rape and incest, before 10-weeks post-fertilization; to protect the life and physical health of the mother; and if a fetus is diagnosed with a lethal anomaly. Victims of rape and incest would not be required to sign a notarized affidavit attesting to an attack, as had once been proposed.
Before debate began Saturday, the bill's prescription drug price curbs were diluted by the Senate's nonpartisan parliamentarian. Elizabeth MacDonough, who referees questions about the chamber's procedures, said a provision should fall that would impose costly penalties on drug makers whose price increases for private insurers exceed inflation.
Taiwan said Saturday that China's military drills appear to simulate an attack on the self-ruled island, after multiple Chinese warships and aircraft crossed the median line of the Taiwan Strait following U.S. House Speaker Nancy Pelosi's visit to Taipei that infuriated Beijing.
The Alabama Department of Environmental Management is reviewing cities’ applications for potential federal funding, including $225 million in American Rescue Plan Act money allocated by state lawmakers earlier this year to water and sewer projects and about $765 million from last year’s $1 trillion federal Bipartisan Infrastructure Law.
Reyes, who is from Mexico, was in the country illegally after being deported and returning without proper documentation, Abbett said. It wasn't clear when he last entered the United States, said the sheriff, but the group had been living in the mobile home since February.