The funds have earned between 11 and 13 percent for all those years. Governor Wallace thus told the board to employ anyone but the RSA to manage those funds. For a number of years, an Atlanta firm managed the funds, but as the years have passed no one has been managing the funds resulting in earnings of about 6 percent. The current proposed amendment will allow the state to continue a level of progress that, in my opinion, started with Mercedes and has progressed tremendously throughout Alabama over the last six to eight years. The alternative would be a massive tax increase just to keep Alabama moving ahead.
Nothing is perfect in the real world.
However, it is the best and only solution that would do something for all Alabamians over the next two years. If state government can merely solve one of Alabama's major problems every year or two, Alabama will be a proud and prosperous state for generations to come. RSA Alabama's universities are joining the RSA to promote our state. Community Newspaper Holdings, headquartered in Birmingham, with 113 daily newspapers and 206 weekly newspapers in 23 states stretching from South Dakota to Georgia, will print ads to entice high school seniors and their parents to access information on the Internet about Alabama's universities. We know of no other state that has ever attempted such a media blitz, and we look forward to attracting the best and brightest to Alabama.