Despite BP Settlement, Alabama’s General Fund is Still Ailing
Alabama will receive 2.3 billion dollars over 18 years through a settlement with BP over the Deepwater Horizon oil spill. One billion dollars of that settlement is to cover economic losses. Even though that money will go into the state’s general fund, Governor Bentley made it clear that there will still be special legislative session and there are still long-term problems with the state’s general fund. WBHM’s Michael Krall talks about the state of Alabama’s budget shortfall with Kyle Whitmire. He’s the state political columnist for The Birmingham News and AL dot com.