Tennessee’s Gov. Bill Lee has unveiled his $52.5 billion budget proposal for the upcoming fiscal year, an increase from the $41.8 billion budget that Lee proposed for the current year.
The 2022-23 spending plan unveiled Monday includes increases for law enforcement, education, state workers, roads and more, maintained by better-than-expected revenues during the COVID-19 pandemic and federal coronavirus recovery funding. It puts $750 million aside for a proposed change to state’s K-12 education funding formula for the budget year after next.
The budget proposal needs ultimate approval from the General Assembly.