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VOL. 129 | NO. 70 | Thursday, April 10, 2014

Senate to Vote on Tennessee's $32.4 Billion Spending Plan

AP

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NASHVILLE (AP) – The state Senate is poised to vote on a $32.4 billion spending plan for the budget year beginning in July.

The Senate Finance Committee voted 9-2 on Wednesday to advance the budget plan to a full Senate vote. The plan removes previously planned salary increases for teachers and state employees to make up for flagging state revenue collections.

Senate Democratic leader Jim Kyle of Memphis argued that the spending cuts would not have to be as deep if officials were willing to tap the more than $1.7 billion stored in various reserve funds.

The House version of the budget is also awaiting a floor vote.

Lawmakers are required by the state constitution to pass a balanced budget each year.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 10,190
MORTGAGES 103 400 13,275
FORECLOSURE NOTICES 0 60 2,598
BUILDING PERMITS 0 562 24,086
BANKRUPTCIES 72 299 9,832
BUSINESS LICENSES 39 110 3,713
UTILITY CONNECTIONS 129 519 14,482
MARRIAGE LICENSES 0 68 3,131

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