State employees won't get stipend due to revenues
NASHVILLE (AP) - State employees will not receive a 1-time pay supplement that officials promised instead of a pay raise because state revenues did not improve sufficiently.
Tennessee Finance Commissioner Dave Goetz told department and agency leaders on Friday that the revenues failed to reach the target the state legislature set as the prerequisite for the 1-time longevity pay supplement.
The supplement would have been $50 per year of service, with a minimum of $150 for employees with one to three years of service and a maximum of $1,250.
In a memo obtained by The Commercial Appeal, Goetz said that revenue collections were $39.5 million below budgeted estimates.
Information from: The Commercial Appeal, http://www.commercialappeal.com
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