Alabama Bank News

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

Lawmakers Prioritize Budgets for Final One-Third of Session With two-thirds of the 2024 session complete, the Alabama Legislature is focusing on its most crucial task: passing the General Fund and the Education Trust Fund (ETF) budgets – along with supplemental funding bills for each. ...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 Bill Passes House with Modifications Gov. Kay Ivey’s top education priority, the CHOOSE Act, received a passing grade from the Alabama House of Representatives this week. The robust school choice bill passed with a vote of 69-34, but faced some opposition from ...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

The Alabama Legislature began what is expected to be a highly charged Session with numerous controversial and impactful bills set to be debated. Both the House and the Senate used three out of their maximum 30 legislative days last week. In a shift from ...Read More

Bankers from across Alabama were in Washington, D.C. this week meeting with members of Congress about relevant issues impacting the banking industry. Keeping public officials abreast of legislation’s impact on our customers and institutions, including the importance of their positions on such issues, is ...Read More