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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 This material may not be published, broadcast, rewritten or redistributed.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 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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