By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
Haslam budget highlights
Placeholder Image
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