For the first time in three years, state employees can look forward to a pay raise – a modest one-point-six percent increase proposed by Governor Bill Haslam in his state of the state speech Monday night.
Post Tagged with: "Federal Stimulus"
Last night, Governor Bill Haslam laid out a new $30 billion state budget. That’s about $2 billion less than this year’s spending plan – mainly because federal stimulus money is ending.
Federal stimulus money meant to help poor people weatherize their homes is being mismanaged.
Hundreds of people looking for work in counties south of Nashville will soon have another option. That’s after an organization that treats mental health and addiction received a 5 million dollar stimulus grant to help funnel people who are out of a job into healthcare training.
At the top of President Barack Obama’s agenda is job creation. In his first State of the Union address on Wednesday night, the President called on the Senate to pass another stimulus package.
The state is looking to emulate the apparent success of a program to reduce unemployment in its hardest hit county. That title had belonged to Perry County, where unemployment peaked at one in four earlier this year. Now as the job market improves there, the state is turning its attention to a new effort, in Lauderdale County, north of Memphis.
State budget hearings start soon. Governor Phil Bredesen says they’ll be especially tough this time around.
Perry County, about 90 miles southwest of Nashville, has the highest unemployment rate in the state at about 25-percent. Governor Phil Bredesen announced today he’ll be using federal stimulus funds to create jobs there.
State tax revenues were down almost $200 million in April. That announcement came alongside stark projections from the State Funding Board for the next budget year.
Economists project state revenue will continue its historic fall in coming months. When the current budget year ends this summer, it will have dropped roughly $1.2 billion. Even then, there’s no guarantee the decline will be over.