Haslam to give 4th State of State speech on Monday
NASHVILLE, Tenn. (AP) – Republican Gov. Bill Haslam says he’s making it a priority to fund key education initiatives and care for the state’s most vulnerable citizens despite a tight budget year.
Haslam was to unveil details of his annual state spending proposal and lay out some of his top legislative priorities for the year during his State of the State address Monday evening.
Earlier in the day, he met with reporters and reiterated what state financial officials have been reporting over the past several months, that revenue collections have failed to meet projections.
He noted the state has $260 million in new revenue for the budget year beginning in July. However, $180 million will go toward costs to TennCare – the state’s expanded Medicaid program – and $120 million is proposed for education.