Page 10 - Black Modern Annual Report A4
P. 10

Legislative Updates





                                     Historic State Support for Public Education
               The 2025 Education Trust Fund bill was signed into law in May 2024 by Governor Ivey
               and was the largest budget ever appropriated to fund education in the state, totaling
               $9.35 billion. The legislature also passed two bills of supplemental funding for FY24.


                            Act 2024-351 FY25 Operating Budget for Higher Education
                    Institution Type          Amount Received            Percentage Increase Over FY24
                        Two-Year                $ 586,946,967                          6.47%
                                                   Vision
                        Four-Year              $ 1,666,073,229                         7.24%

                         Act 2024-428 FY24 Supplemental Funding for Higher Education
               Alabama Community College System                                                $ 112,390,057
               Alabama A&M University                                                          $ 12,000,000
               Alabama State University                                                         $ 9,000,000
               Athens State University                                                           $ 5,750,000
               Auburn University                                                               $ 28,675,000
               Auburn University at Montgomery                                                  $ 5,250,000
               Firefighters’ Personnel Standards & Education Commission/Fire College            $ 1,400,000
               Jacksonville State University                                                   $ 12,700,000
               Marine Environmental Sciences Consortium                                         $ 4,000,000
               Troy University                                                                 $ 14,250,000
               Tuskegee University                                                              $ 5,000,000
               University of Alabama System                                                   $ 63,000,000
               University of Alabama in Huntsville                                              $ 3,000,000
               University of Montevallo                                                         $ 9,250,000
               University of North Alabama                                                     $ 14,000,000
               University of South Alabama                                                     $ 23,000,000
               University of West Alabama                                                       $ 11,750,000
               Alabama Commission on Higher Education                                          $ 13,920,000
                  HBCU Deferred Maintenance Program                                             $ 4,000,000
                  Birmingham Zoo - Alabama Veterinary Teaching Hospital                         $ 2,500,000
                  Best and Brightest STEM Pilot Program                                            $ 270,000
                  EarlyWorks Museum in Huntsville                                                 $ 850,000
                  NCAA Women's Basketball Tournament                                              $ 250,000
                  Para-Cycling Road World Championship                                            $ 250,000
                  SEC Baseball Tournament                                                         $ 500,000
                  Selma University                                                                $ 100,000
                  Southern Museum of Flight                                                       $ 200,000
                  USS Alabama Battleship                                                          $ 500,000
                  ReEngage Alabama Grant Program                                                 $4,500,000





           7
   5   6   7   8   9   10   11   12   13   14   15