State General Fund Budget
Alabama’s State General Fund (GF) budget provides funding for all state activities that are not related to education. The largest components of the SGF and the state Medicaid and Corrections programs.
The GF is financed by a wider range of tax levies than the ETF. The major GF revenue sources are ad valorem taxes, insurance premium taxes, a smaller share of the state’s general sales and use taxes, cigarette taxes, business privilege taxes, and rental and leasing taxes.
In fiscal year 2013 SGF funding totaled just over $1.7 billion. By 2022, total SGF spending had risen to nearly $2.7 billion annually, an increase of 55.6% Over the same period of time, SGF revenues rose by about 79.5%, reaching almost $2.8 billion in 2022.
Over the past five years, SGF spending increased by 41.6% from the $1.9 billion appropriated in 2018. From fiscal year 2018 through 2022 revenues to the SGF grew by 29.9%, about $800 million in new annual revenues compared to 2018.