GOVERNOR BILL LEE
FY21 BUDGET

FY 21 BU D GET AT - A- GLA N C E
Correction
3%

Transportation
6%
Human Services
7%

B U DG E T O VE R VIEW
•  Total budget of $40.8 billion
•  3.7% budget increase

TennCare
32%

•  No new debt
Higher Education
12%

Other
23%

K-12 Education
17%

•  Over $100 million returned to cities
and counties
•  $91.5 million in spending cuts
•  Rainy-Day Fund - $1.15 billion
•  Total New Funding for Public
Education - over $600 million

$408.3 M

P R O JE C T E D
T AX R E V E NU E
G R O WT H

$91.5 M

B UDGET
REDUCTIONS

BU DG ET HI GHLI GHTS
◊  K-12 Mental Health Trust Fund - $250 million
◊  Fully Funding State Share of BEP- $65.9 million
◊  Increase State Funding of Teacher Salaries - $117 million
◊  Funding for New Literacy Initiatives - $68 million
◊  Launch of Children’s Behavioral Health Safety Net - $7.5 million
◊  Increase to Healthcare Safety Net - $6.5 million
◊  Broadband Accessibility - $25 million
◊  Capital Improvements - $233.7 million total   $196.5 million state
◊  Capital Maintenance - $225 million total   $97.7 million state