Alabama
Public finance
The Division of the Budget within the Department of Finance prepares and administers the state budget, which the governor submits to the legislature for amendment and approval. The fiscal year runs from 1 October through 30 September (one of only four states in which the fiscal year does not begin in July).
A total of $9.04 billion from the General Fund and Earmarked Funds was appropriated for 2003, including $3.3 billion for the Medicaid, $1.57 billion for transportation, and $1.06 billion for Human Resources. The Educational Trust Fund appropriated approximately $8.34 billion to education for the same year.
The following table from the US Census Bureau contains information on revenues, expenditures, indebtedness, and cash/securities for 2001.
| ($000) | PERCENT | PER CAPITA | |
| Population (thousands, 2001) | 4,469 | (X) | (X) |
| Total Revenue | 17,859,899 | 100.00 | 3,996.40 |
| General revenue | 15,731,646 | 88.08 | 3,520.17 |
| Utility revenue | – | – | – |
| Liquor store revenue | 155,329 | 0.89 | 34.76 |
| Insurance trust revenue | 1,972,924 | 11.29 | 441.47 |
| Exhibit: Salaries and wages | 2,587,494 | 15.48 | 578.99 |
| Total expenditure | 16,718,151 | 100.00 | 3,740.92 |
| General expenditure | 15,055,914 | 90.06 | 3,368.97 |
| Education | 6,385,451 | 38.19 | 1,428.83 |
| Public welfare | 3,776,253 | 22.59 | 844.99 |
| Hospitals | 1,074,849 | 6.43 | 240.51 |
| Health | 644,288 | 3.85 | 144.17 |
| Highways | 1,163,889 | 6.96 | 260.44 |
| Police protection | 124,884 | 0.75 | 27.94 |
| Correction | 303,759 | 1.82 | 67.97 |
| Natural resources | 205,794 | 1.23 | 46.05 |
| Parks and recreation | 15,956 | 0.10 | 3.57 |
| Government administration | 380,880 | 2.28 | 85.23 |
| Interest on general debt | 267,537 | 1.60 | 59.87 |
| Other and unallocable | 712,374 | 4.26 | 159.40 |
| Utility expenditure | – | – | – |
| Liquor store expenditure | 156,389 | 0.94 | 34.99 |
| Insurance trust expenditure | 1,505,848 | 9.01 | 336.95 |
| Debt at end of fiscal year | 5,577,158 | 100.00 | 1,247.97 |
| Cash and security holdings | 28,094,479 | 100.00 | 6,286.52 |