By AP
Nashville, TN – The House version of a Tennessee budget plan would tap the state's reserves by an additional $147 million, but it would make sure state employees get a one-time bonus and keep their 401(k) match program. House leaders revealed details of their proposal Tuesday as lawmakers try to reach consensus on a budget plan as early as this week.
The House version is similar to Governor Phil Bredesen's original plan and an alternative proposal from Senate Democratic Leader Jim Kyle of Memphis, but differs from a Senate Republican plan. Provisions of that proposal include eliminating the bonus for state employees and phasing out their match program. Under the House plan, state employees would get a one-time $500 bonus.