News
 By  FROM STAFF REPORTS Published 
2:50 pm Monday, September 17, 2012

Citizens to vote in Alabama trust fund referendum Tuesday

Alabama voters will decide Sept. 18 if $437 million from a state trust fund should be used to prevent budget cuts.

The referendum is the only issue on the ballot. Voting yes would approve the constitutional amendment to allow $145.8 million a year for three years to be taken from the Alabama Trust Fund. Voting no would not allow any money to be used from the fund.

The fund was created in 1985 collect royalties from oil and natural gas wells drilled in Alabama coast state-owned waters.

If the amendment is not approved, the government will have to make cuts or find the money elsewhere. Budget cuts could cause a mass release of prisoners from Alabama prisons and healthcare services cuts.

Alabama Sen. Bill Holtzclaw wrote in his September newsletter, “If this option were going to truly solve our budget problems, I’d be out front supporting the measure. Unfortunately, this does not solve our long-term budget problems for Medicaid and prisons…it only kicks the proverbial can down the road for three more years as we hope the economy continues to improve while we continue to refine already scaled back state services through innovation and reform, such as sentencing reform addressing our prison overcrowding. On the other hand – this measure does just that – gives us three years to continue to work and make surgical cuts, rather than slashes, in our budgets.”

Read his newsletter in its entirety at http://district2.us/newsletter.html.

A sample ballot of the proposed amendment can be found at http://www.madisoncountyal.gov/voter/sampleballots.php.

In Madison, some voters are assigned to different polling locations than the locations for the municipal election in August. For state and federal polling locations in Madison, visit http://www.madisonal.gov/index.aspx?NID=756.

Also on The Madison Record
Rocket City Marching Invitational set for Saturday, Sept. 20 at stadium
Bob Jones High School, Madison, Madison County Record, ...
Gregg Parker 
September 17, 2025
MADISON – Bob Jones High School Bands, in collaboration with title sponsor KODA Technologies, will present the third annual Rocket City Marching Invit...
Mayor Paul Finley bids farewell, reflects on accomplishments at 2025 Madison Update
A: Main, Madison County Record, News, ...
Maria Rakoczy 
September 17, 2025
MADISON - Madison Mayor Paul Finley will be leaving the office of mayor this Nov. after sitting out the Aug. 26 election. Finley addressed the busines...
District 6 seat to be decided Tuesday in runoff election
A: Main, Madison County Record, News, ...
Maria Rakoczy 
September 17, 2025
MADISON - There is one final race to be decided from Madison’s municipal Aug. 26 election. The representative for District 6 on the Madison City Counc...
Heart of the Valley YMCA exits Chapter 11 bankruptcy, renews mission focus
A: Main, Business, Madison County Record, ...
Gregg Parker 
September 17, 2025
HUNTSVILLE – On Sept. 8, Heart of the Valley YMCA announced its successful emergence from Chapter 11 bankruptcy. This development marks a new chapter ...
MCDAB presents check to Parks and Recreation, chairperson steps down
Madison County Record, News, The Madison Recor, ...
Maria Rakoczy 
September 17, 2025
MADISON - After serving as the chairperson for the Madison City Disability Advocacy Board (MCDAB) for nine years, Janessa Crosswy is moving and steppi...
State lawmakers, local city leaders meet with Space Command leader to discuss transition
Madison County Record, News, The Madison Recor, ...
By ALEX ANGLE Alabama Daily News 
September 17, 2025
WASHINGTON — Space Command is moving quickly to bring the headquarters to Huntsville through meetings with members of the state’s congressional delega...
Best-Selling Author Jen Hatmaker to share memoir on Oct. 21
Events, Madison County Record, News, ...
Gregg Parker 
September 17, 2025
MADISON – Jean Hatmaker, “New York Times” Best-Selling Author, speaker and podcaster, will share thoughts from her memoir, “Awake,” at Blue Apple Book...

Leave a Reply

Your email address will not be published. Required fields are marked *