Tennessee Governor Bill Haslam’s State of the State
NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam’s $34.8 billion spending plan includes new spending for schools, colleges and road projects along with another large deposit into Tennessee’s emergency budget reserves.
Haslam made his sixth budget proposal in his annual State of the State address at the state Capitol on Monday.
The governor touted his proposed $261 million increase in spending on public education as the state’s largest ever investment in K-12 education without a tax increase.
Haslam also proposed to transfer $130 million from the general fund to pay for highway projects and maintenance. That’s about half of the amount diverted from the highway fund to help bridge budget gaps about a decade ago.
Placing $100 million into budget reserves would bring the state’s rainy day fund to $668 million, its second-highest level on record.
For more information on Haslam’s complete speech and his budget, click here.
NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam says his sixth annual State of the State address will focus on what he calls a “thoughtful” approach to spending a surplus in Tennessee revenues.
Speaking to reporters at the state Capitol before his Monday evening speech, the governor said major aims of his budget proposal will be to boost spending on K-12 education and on public colleges and universities.
Haslam said he will also target spending on what he called “our most vulnerable citizens.” He also wants to increase spending on the maintenance of state office buildings that he says will help save money over time.
The governor said that the state’s positive budget outlook makes it “an incredibly exciting time in Tennessee.”
(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)