MONTGOMERY, AL (WBRC) - Governor Bob Riley on Monday released $100 million from the state's education "Rainy Day" fund to help maintain proration at its current level.
The $100 million will prevent further education cuts from occuring throughout the state's education system. In December 2008, Governor Riley declared proration, which is a term used to describe the process of cutting spending when revenues fall short of expectations. To lessen the impact of cuts at that time, the governor released $221 million, which is about half of the amount available. Monday's disbursement leaves about $116 million in the fund.