View Mobile Site

Haslam budget highlights

Here are some highlights from Gov. Bill Haslam’s $32 billion spending plan:

• $307.3 million for higher education capital projects
• $166 million for state capital projects
• $100 million to rainy day fund to bring it to $456 million on June 30, 2014
• $76.5 million for 1.5 percent pay increase for state employees, teachers and higher education
• $51 million for K-12 local technology and infrastructure improvements
• $48.1 million for local jail funding for felons
• $43.2 million for BEP formula growth
• $35.5 million to higher education institutions that increase graduation rates
• $33.7 million for BEP capital component
• $30 million for Jobs4TN
• $21.2 million to reduce grocery sales tax from 5.25 percent to 5 percent
• $18.7 million to increase inheritance tax exemption level to $2 million
• $10.8 million to standardize all IT operations
• $7.6 million to restore TennCare reductions
• $6.7 million for Department of Children's Services enhancements
• $1.6 million for drug courts
• $1.5 million to increase Hall tax exemption for people over 65
• $1 million to reduce drivers' license renewal wait time


Please wait ...