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SEPTEMBER REFERENDUM

SEPTEMBER REFERENDUM. Why is it important to us? Insert School System Name Insert Date Insert Event Name. September 18 is an important date:. Why are we having a statewide vote in September?. Funds are needed to balance the General Fund (non-education state services).

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SEPTEMBER REFERENDUM

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  1. SEPTEMBER REFERENDUM Why is it important to us? Insert School System Name Insert Date Insert Event Name

  2. September 18 is an important date:

  3. Why are we having a statewide vote in September? Funds are needed to balance the General Fund (non-education state services). Without these funds, the General Fund will be $100 million short.

  4. What is the Alabama Trust Fund ?

  5. Amendment One if approved • Will prevent cuts to the state General Fund, the non-education portion of the state budget that pays for things like: • Medicaid • Nursing homes • Rural health care and hospitals • Children’s health care • State troopers • Volunteer fire departments • Emergency management agencies

  6. If Amendment One fails • The General Fund, which goes into effect on Oct. 1 (twelve days after the vote), will have to be balanced another way. • Could see 17% proration for non-education state agencies • If Medicaid and prison costs cannot be reduced, the remaining General Fund programs will be cut by 15-20% • Revenue increases or transfers from other funds (possibly Education Trust Fund dollars) would be alternatives. • The Governor has said: “Everything will be on the table.”

  7. What else does the amendment do?* • It stabilizes the ATF for future generations. • The proposed amendment improves the formulas for distributing money from the ATF each year and the proposed amendment does so. • Callan Associates Inc., an investment consultant, provided a report to the ATF Board in June that shows that the current spending rules have flaws that will deplete the ATF over time. This same report also found that the new rules contained in the proposed amendment will, in conjunction with changes in investment policy, create a better chance of maintaining the value of the ATF in the future. *Callan AssociatesInc. presentation to Alabama Trust Fund Board Meeting, June 5, 2012 as reported in The PARCA Quarterly, Summer 2012

  8. Who should support this amendment?

  9. “What’s at risk here is not just the Medicaid delivery system, but the health care delivery system for all Alabama citizens.” --Danne Howard, VP of Governmental Relations for the Alabama Hospital Association

  10. What can you do? Go to your voting location and vote “Yes” on September 18. Email and encourage your friends and family to vote “yes” to protect education, children and families. Speak up when you hear incorrect information on this issue. Offer to present this information to other groups.

  11. For additional information: School Superintendents of Alabama www.ssaonline.org (334) 262-0014 http://www.keepalabamaworking.com

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