Alabama Bank News

Working for Alabama Package on Goal Line Lawmakers in Alabama are making progress on a legislative package called “Working for Alabama” designed to increase the number of people participating in the state’s workforce. Streamlining Workforce Development: Gov. Kay Ivey signed SB247, which creates a ...Read More

Senate Passes Record General Fund Budget The Alabama Senate approved a hefty $3.3 billion General Fund budget for fiscal year 2025 (FY2025) as well as a General Fund supplemental appropriations bill on Thursday. This marks the largest budget in state history, according to Sen. ...Read More

Aiming to combat one of the lowest labor participation rates in the U.S. and acknowledging critical areas requiring workforce development, Gov. Kay Ivey and legislative leaders have introduced a series of bills designed to equip the state with tools to enhance its workforce and ...Read More

The Alabama Legislature wrapped up its 15th day yesterday reaching the halfway point of their 30-day Regular Session. The Legislature will take a recess next week and will reconvene on March 19. There’s another recess planned for the week of March 25. Governor Ivey ...Read More

School Choice Clears House Committee, with Modifications Rep. Danny Garrett advanced the large-scale school choice bill championed by Gov. Kay Ivey, the CHOOSE Act, through the House Ways and Means Education Committee on Thursday.  The committee passed a substitute, which made some changes to ...Read More

House Approves Gaming, Lottery Legislation By a 70-32 vote, the House of Representatives passed a constitutional amendment allowing for casino gaming, lottery, and sports betting in Alabama, well exceeding the required 63 votes needed for passage. The House also voted 67-31 to approve legislation ...Read More

Though it’s made homeownership more affordable for nearly 5,000 Alabama households, the Mortgage Credit Certificate (MCC) is one of the most misunderstood housing programs on the market today. Tens of thousands of dollars in tax credits are available to your customers through this federal ...Read More