This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Alabama House Oks Education Budget; Pay Hike

By BOB JOHNSON

MONTGOMERY, Ala. (AP) â¿¿ The Alabama House late Wednesday adopted a $5.7 million budget that gives teachers and other education employees their first pay raise since 2008.

The spending plan includes a contentious proposal supported by the Republican majority to spend about $5 million to provide liability insurance for teachers. Many teachers currently get their liability insurance through the Alabama Education Association. Democrats and AEA officials said the liability insurance issue was an attempt by Republicans to bust the teachers' union.

The budget gives public school employees a 2 percent raise. That's less than the 5 percent increase supported by Democratic lawmakers.

The budget was adopted late Wednesday after more than six hours of debate on the spending plan and a separate pay raise bill.

House members voted 62-37 against a proposed amendment by Democratic Rep. Richard Lindsey of Centre to increase the raise to 5 percent.

Republican Rep. Jay Love of Montgomery, chairman of the House education budget committee, said the state couldn't afford a 5 percent raise, partly because of the need to pay back a rainy day saving account. The budget now goes to the Senate.

House Speaker Mike Hubbard, an Auburn Republican, said Love did a good job upholding Republicans' promise to operate government within its means while still finding the money to "reward teachers.

"We have made historic gains this session on our path to improve education in Alabama and this budget is yet another step toward innovation and progress," said Hubbard. "At a time when we face great economic uncertainty, I'm proud that we were able to not only provide a raise to our teachers but also provide them with the same liability protections all other state employees receive."

Love said the budget is still feeling the effects of the recession.

"Because we've made smart, common-sense financial decisions we are able to provide our teachers with the first pay increase they've received in years, putting money back into the pockets of our state's educators," Love said.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs