Kay Ivey on Budget & Economy

	Kay Ivey on Budget & Economy

Alabama's budgets are strong: unlike D.C., we pay our debts!

Alabama's budgets are strong. Folks, that is not by chance. That is because, together, we have taken a fiscally conservative approach to budgeting. We've fully funded our rainy-day accounts, paid down our debts and made robust investments that are paying long-term dividends for our people. I urge you to completely pay off the Alabama Trust Fund this year. That was the promise made to the people of Alabama, and we should make it a priority. Unlike D.C., we pay our debts! Source: 2023 State of the State Address to Alabama legislature , Mar 7, 2023

Wants to use $400 million of COVID relief to build prisons

Ivey is defending her proposal to use the state's allotment of coronavirus relief funds to build new prisons after receiving criticism from Democrats. Ivey convened a special session of the legislature to discuss how to fix what she has called a decades-long problem. As part of the solution, Ivey has proposed using up to $400 million of federal Covid-19 relief money, up to $785 million in bonds and no more than $154 million from the state General Fund to add new prisons and renovate others. Source: CNN Politics on 2022 Alabama Gubernatorial race , Sep 29, 2021

Business tax credits attract new companies to Alabama

Another bill that is a top priority is to renew our economic development incentives that we have used for years to build such a strong, diverse economy. The pipeline of new companies looking to come to Alabama is full, and these tax credits help ensure we are competitive enough to get them. Source: 2021 State of the State Address to the Alabama legislature , Feb 2, 2021

Our roads are the arteries of Alabama's commerce

I'm proud to announce we are moving forward with a project that other governors have talked about but, until now, no one has been able to do. Later this year, we're going to turn the shovel on a long discussed four-lane Highway 43 from Thomasville to Tuscaloosa. Folks, our roads are the arteries of Alabama's commerce. These projects are just a few of the many that we'll use to open doors of opportunity to all our people. Source: 2021 State of the State Address to the Alabama legislature , Feb 2, 2021

$122 million to Rebuild Alabama infrastructure

I want to thank you for helping us address one problem that other legislatures and governors put off for 27 years... dealing openly and honestly with our aging, crumbling infrastructure. We have announced the state's portion of $122 million worth of road and bridge projects in more than 48 of Alabama's 67 counties. As I promised, Rebuild Alabama will only be spent on building roads and bridges. In fact, we added strong accountability measures to make certain of this. Source: 2020 Alabama State of the State address , Feb 4, 2020

Gather the facts on whether to allow state gaming & lottery

For years, we've been hearing that expanding gaming, perhaps a lottery, would solve all our problems and provide money for all sorts of good ideas. That is why I will be signing an Executive Order to establish a working group to gather the facts on how much money we could really gain if some form of gaming expansion occurred. While I, personally, have never believed we should fund essential state services on such an unstable source, the people of Alabama should have the final say. Source: 2020 Alabama State of the State address , Feb 4, 2020

Accelerate Alabama economic development strategic plan

Sustainable job growth is the result of a vibrant economy with a strong manufacturing base. Lt. Governor Kay Ivey supports the Alabama Department of Commerce's Accelerate Alabama economic development strategic plan emphasizing the expansion of advanced manufacturing through coordinated aggressive recruitment, retention and renewal efforts at the local and state level.

The key to Alabama's economic future relies on nearly a dozen business sectors represented by small and large companies, including aerospace and defense, automotive, agribusiness, bioscience, information technology and distribution. Our most promising opportunity to develop long-term, sustainable economic growth is the continued expansion of our manufacturing base creating quality high-paying jobs. Strong manufacturing investments are an important contributor to Alabama and our Nation's economy. Manufacturing is Alabama's largest employment sector and accounts for one in five jobs in the state.

Source: Alabama Lt. Gov. official website, "Initiatives" , Apr 7, 2017

Reduce red tape to improve \business climate

Alabama continues to be recognized as one of the best states to do business; to help improve our business climate [we passed]:

The Red Tape Reduction Act requires each state agency to prepare an economic impact analysis prior to the adoption of any proposed regulation that could have an adverse impact on small businesses.
The 21st Century Workforce Act strengthened the state's investment in career technical education by making sure high school students across the state have access to updated technology and equipment.
The Alabama Future Workforce Initiative will provide opportunities for students across the state to gain the knowledge and skills they need to secure a job, while also providing financial incentives to ensure these programs focus on training the workers needed to continue to grow Alabama's economy. This Act creates a $10 million scholarship program for high school students to participate in career-technical dual enrollment programs across the state.

Source: 2014 Alabama Lt. Governor campaign website KayIvey.org , Oct 30, 2014

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*Other governors on Budget & Economy:*			*Kay Ivey on other issues:*
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