TN Legislature Approves Budget
Nashville, TN – Tennessee Governor Phil Bredesen is now considering an almost 30 billion dollar state spending plan. The House and Senate passed the budget after days of extensive, and sometimes heated, negotiations between party leaders. The plan, for the budget year beginning July 1, includes over 2 billion dollars in federal stimulus money. But it still reflects a 10 percent reduction in state government spending. The proposal also includes borrowing through bonds for bridge and college building construction projects.