Connect with us

Hi, what are you looking for?

News

Governor Declares Tens of Millions in Additional Savings Identified

Staff Report

MONTGOMERY – Governor Robert Bentley on Thursday provided an end-of-the-year update on the Road to a Billion Dollars in Savings, the state’s long-term effort to identify greater efficiencies and cost savings in government.

More than $750 million in current and projected annual savings have now been identified, up from $674 million in savings that had been identified when the plan was first announced in July.  The additional savings come through measures such as bond refinancings, contract renegotiations and workforce right-sizing.

“I am committed to an efficient state government, and we’re making great progress in saving taxpayers a billion dollars a year,” Governor Bentley said.  “The people of Alabama deserve a government that makes wise use of taxpayer dollars, and that’s what we’re giving them.  I am confident we will reach our goal of identifying a billion dollars in average annual savings by the end of this term.”

The additional savings, along with additional state employee retirements in recent months, are reducing the immediate need for a proposed voluntary retirement incentive program.  Governor Bentley is asking legislative sponsors of the voluntary retirement incentive program to withhold introduction of the legislation until further notice.

“One of our goals is to right-size the state government’s workforce while saving taxpayer dollars.  We are already accomplishing that goal as more people have chosen to go ahead and retire before the incentive could be discussed in the Legislature,” Governor Bentley said.  “That means we are getting the right-sizing accomplished without having to pay the cash bonuses called for in the retirement incentive legislation.  If attrition continues at recent levels, we can achieve significant savings without the need for the legislation.”

“While I am asking legislative leaders to delay introducing the voluntary retirement incentive plan for now, we could consider such a plan as an additional option if needed for future savings,” Governor Bentley added.  “However, at this point, it appears we will be able to reach our savings goals through regular attrition and other cost-saving measures.”

Advertisement. Scroll to continue reading.

The current and projected savings from the Road to a Billion Dollars in Savings will benefit both the Education Trust Fund and the General Fund budgets.

Staff
Written By

The Alabama Political Reporter is a daily political news site devoted to Alabama politics. We provide accurate, reliable coverage of policy, elections and government.

DIG DEEPER

Opinion

Boards representing three of the state’s largest public school systems – Mobile, Baldwin and Montgomery counties – recently passed resolutions calling for a repeal...

News

Since his appointment by disgraced former Gov. Robert Bentley, Attorney General Steve Marshall has slowly and deliberately undermined the Attorney General’s Special Prosecutions Division...

News

Last updated on September 6, 2017, at 06:40 amBy Brandon Moseley Alabama Political Reporter Friday, the Board of Directors of the Business Council of...

News

Last updated on August 25, 2017, at 06:31 amBy Samuel Mattison Alabama Political Reporter US Senate Candidate Roy Moore recently picked up endorsements from...