NASHVILLE – Tennessee could see an additional $341.6 million from the federal government if Congress approves a six-month extension of enhanced Medicaid matching funds to beleaguered states, Finance Commissioner Dave Goetz said Tuesday.
He cited the figure during presentations of Gov. Phil Bredesen’s latest budget proposals in separate appearances before the House and Senate Finance Committees.
Mr. Goetz cautioned there is no guarantee Congress will approve the extension.
The governor is proposing using $51 million of the money to secure two economic development prospects with offers of infrastructure and other incentives.
Meanwhile, the administration also plans to put an additional $7 million in existing state funds into the state’s Fast Track infrastructure program on other projects.