Montgomery, Alabama – The Alabama Supreme Court refuses to throw out a lawsuit filed against Governor Bob Riley by the Legislature's Joint Fiscal Committee. The suit was filed back in July because Riley used a line item veto to remove language that the Legislature put into the new General Fund budget that shields some health and social service programs from budget cuts in the face of proration.
Montgomery, Alabama – Local Economics Professor, Dr. Kevin Deravi, says that the average citizen won't feel relief from recent cut to the key interest rate. The Federal Reserve Tuesday slashed the interest rate to 0.25 percent. Dr. Deravi tells WVAS news that it will take quite some time before the average consumer feels the cut.
December 16,2008 – State officials are beginning work to implement budget cuts. This after Governor Bob Riley announced proration of the Education budget by 12.5 percent and an across the board cut in state government spending, including a hiring freeze. The declaration of proration was the result of lagging sales tax collections.
December 15,2008 – Governor Bob Riley is expected to announce today what cuts the state must make to balance the state Education Budget. The Governor says he is also looking at ways to curb spending by non-education agencies financed but he state General Fund budget.
December 12,2008 – Next week, Governor Bob Riley is expected to officially declare proration and set out the amount of cuts that education will face. Once the Governor officially calls for proration, the move will free up about $437 million dollars from a rainy day fund to shore up the education budget.
December 11,2008 – Retiring Alabama Congressman Bud Cramer was the only member of Alabama's 7-member House delegation to vote in favor of the $14 billion dollar loan package for the auto industry. Meanwhile, Alabama Senator Richard Shelby,a ranking member of the Senate Banking Committee continues to speak against the plan.
December 10,2008 – Severe weather threatens much of Central and South Alabama today prompting the National Weather Service to issue a Tornado Watch for the following counties: Autauga, Montgomery, Elmore, Bullock, Barbour,Coosa, Lowndes, Chambers, Lee, Macon, Russell Tallapoosa, Cleburne, Randolph, and Pike counties. This Tornado Watch continues through 2 o'clock this afternoon. Following this severe weather, there is the possibility of frozen precipitation in North Alabama tomorrow.
December 9,2008 – The Montgomery County Commission is cutting its projected spending for 2009 by 10 percent and putting a hiring freeze in place. This after recording a 9 percent decline in sales tax collections for November.
Officials say no dangerous substance was found in a suspicious letter mailed to Alabama's Capitol Monday. The letter was addressed to Governor bob Riley. Similar letters were mailed around the country to five other governors.
December 8,2008 – Alabama's Senators are speaking out against the proposed government bailout of the "Big Three" U.S. automakers. Senator Richard Shelby of Tuscaloosa says even though the bailout was trimmed down from 34 billion dollars to 15 billion dollars, it's not a good plan. Shelby calls it the "bridge loan to nowhere". Senator Jeff Sessions of Mobile says it might be better for automakers to pursue Chapter 11 bankruptcy.
December 5,2008 – Governor bob Riley says he will make a decision, soon, about whether to declare proration in the state's education budget. Doing so would allow state officials to dip into a "rainy day" fund to help balance the budget. Meanwhile, state representative John Knight Chairs the House Appropriations Committee, and he is concerned about shortfalls int he general fund budget,too.