Update:Senate Committee Approves General Fund Budget

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By CBS 8 News

Story Created: May 8, 2012 at 3:26 PM CDT

Story Updated: May 8, 2012 at 3:26 PM CDT

 

An Alabama Senate Committee has passed a General Fund budget that depends on voters approving the transfer of money from an oil and gas revenue savings account and from education funds to pay for the state's Medicaid program.

 

The Senate Finance and Taxation General Fund Committee voted 7-0 for a $1.4 billion budget that would require voters to approve a constitutional amendment in the Nov. 6 general election. The amendment would partly fund the cash-strapped Medicaid Agency by transferring $184 million from the oil and gas account and from education funds.

 

The budget now goes to the full Senate, where it is expected to come up for debate Wednesday. Committee chair Republican Sen. Arthur Orr of Decatur said ultimately the budget's fate will be decided in a House-Senate conference committee.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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