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Committee advances $59.7 billion Appropriations Act, sends bill to calendar and rules

2994502 · April 15, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Finance, Ways and Means Committee voted unanimously to advance House Bill 14‑09, the fiscal year 2025–26 Appropriations Act, which the committee package places at $59.7 billion and reallocates a mix of recurring and nonrecurring funding across disaster relief, education, health and infrastructure.

The Finance, Ways and Means Committee advanced the Appropriations Act, House Bill 14‑09, sending the package to calendar and rules after a 27‑0 committee vote Thursday.

Committee Chairman Hicks described the fiscal year 2025–26 spending plan as a $59.7 billion budget composed of state appropriations, federal funds and other sources. “This is the Appropriations House Bill 14 o 9,” Chairman Hicks said as he introduced the bill and its three amendments, which the committee adopted in sequence.

The budget outlined by Chairman Hicks relies on several revenue sources and a mix of recurring and nonrecurring appropriations. The chair said the bill assumes roughly a 50/50 split between state and other monies, listing the high‑level composition as about $29.7 billion of state appropriations, $20.8 billion in federal funds and about $9.2 billion from other sources. He told members the package programs a 2% growth in recurring state revenue for fiscal year 2026 and incorporates more than $959 million in TennCare shared savings to date.

Major allocations listed in the presentation included: - Disaster relief:…

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