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Thu April 18, 2013
Tennessee General Assembly Approves Governor's Budget
The Tennessee State House approved Governor Bill Haslam’s $32.8 billion budget with a few minor changes by an 83-14 margin Wednesday. Thursday morning, the Senate unanimously agreed to the changes and the budget proposal is now headed to Haslam's desk for his signature. The budget sets aside more than $100 million for a 1 1/2 % pay-raise and other pay adjustments for state employees and $46 million for state employee health insurance. The budget allocates $350 million for increased enrollment in TennCare under the new federal health care law. In Education, $127 million of the new budget will pay for K-12 and higher education and $52 million will boost information information technology in the state's school districts. About $100 million is slated for the state’s rainy day fund, bringing it to $456 million by next July.