AL HR5

Alabama's General Fund grew 11.44 percent in fiscal year 2021, compared to historical average growth of 3.71 percent between 2001 and 2019.

Education Trust Fund increased 16.4 percent in fiscal year 2021, the largest growth rate ever recorded, compared to historical average growth of 3.14 percent between 2001 and 2019.

Federal stimulus distributed $8.2 billion in direct payments, over $6 billion in Paycheck Protection Program loans, over $4 billion in unemployment compensation, and over $250 million monthly in Advanced Child Tax Credit payments to Alabama.

At least half of Alabama's record revenue growth was directly attributed to federal stimulus provided to individuals across the state.

House of Representatives congratulates President Biden and United States Congress for protecting Alabama's economy during the COVID-19 pandemic and providing resources to build back better.