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Haslam: Surplus Gives Chance To 'Reshape' Budget

Posted at 11:28 AM, Jan 29, 2016
and last updated 2016-01-29 12:28:24-05

While state lawmakers come up with competing plans to carve up a projected budget surplus, Republican Governor Bill Haslam has hoped to seize the initiative at his annual State of the State address.

Haslam told reporters, editors and newspaper executives in a speech to the Tennessee Press Association that he has wanted to dedicate a sizable chunk of new revenue toward K-12 education, though he declined to elaborate on specifics in advance of the address set for Monday.

Other spending priorities will include a plan to begin paying back about $261 million in gas tax money that was re-routed from road projects to cover general spending needs a decade ago.

Haslam said it's necessary to keep close control of spending amid a surplus to protect against getting "smeared" during a future downturn.