Outlook doubtful for $30 million bailout for Birmingham-Southern

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Outlook doubtful for $30 million bailout for Birmingham-Southern
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House Speaker Nathaniel Ledbetter commended Birmingham-Southern College President Daniel Coleman on his effort. 'But at the end of the day, I don’t know that it’s the state’s job to bail out schools, private schools. It’s a slippery slope.' More:

Feb. 09, 2023, 7:38 a.m.State lawmakers say it is unlikely the Legislature will provide $30 million for Birmingham-Southern College to help rescue the private institution from closing because of financial problems.

The $30 million request to the Legislature includes $17.5 million from the Education Trust Fund and $12.5 million from Alabama’s share of the American Rescue Plan Act , a COVID-19 relief package passed by Congress. The Legislature is expected to decide soon how to use the remaining $1 billion of the state’s ARPA funds.

“I just don’t see them getting $30 million if they need it from the state,” Givan said. “I just don’t see it.” “I want to hear from the public and whoever wants to come to see what they have to say,” Givan said. “And go from there.” Rep. Jim Carns, R-Vestavia Hills, sent a letter last year to Jefferson County legislators about Birmingham-Southern’s urgent need for the money, saying the college would not be able to operate after May 2023 without financial help. Sen. Jabo Waggoner, R-Vestavia Hills, also sent the letter. Carns said Wednesday there was “not much support at all” in the State House for the $30 million request.

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