During his fourth State of the State address on Monday in the House Chamber of the Tennessee State Capitol, Tennessee Governor Bill Lee declared, “the state of our state is strong.”
Read the full storyTag: Budget
Wisconsin Assembly Majority Leader Jim Steineke Will Not Seek Re-Election
State Representative Jim Steineke (R-Kaukauna), who serves as the Majority Leader of the Wisconsin Assembly, will not run for re-election when his current term expires.
According to a release from his office, the lawmaker cited a desire to “pass the torch” to new state leaders as influence for his decision to step down from elected office.
Read the full storyGeorgia State Employees Could See $5K Pay Raise
As lawmakers convene in Atlanta on Monday for the start of a new legislative session, Gov. Brian Kemp wants to give state employees $5,000 raises and increase their benefits.
Two budgets are passed through the General Assembly every legislative session. Lawmakers must review and approve spending for the remainder of the current fiscal year, also known as the Amended Fiscal Year (AFY) budget, and approve the budget for the next fiscal year, which begins July 1.
Kemp told state agencies in August not to propose spending increases for the next two years as a safeguard against uncertainty during the COVID-19 pandemic.
Read the full storyMinneapolis to Increase Police Department’s Budget, Effectively Ending ‘Defund the Police’ Movement
On Friday, the Minneapolis city council approved a budget that would increase funding for the Minneapolis Police Department (MPD), restoring the department’s budget to what it was prior to the beginning of the “Defund the Police” movement, as reported by the Epoch Times.
The $1.6 billion budget, approved by the city council and Mayor Jacob Frey (D-Minn.), includes an allocation of $191 million for the MPD, marking a dramatic shift from just one month earlier when activists were on the verge of completely eliminating the department altogether.
Read the full storyTennessee’s October Revenues of $1.4 Billion Result in a $256 Million Budget Surplus
The state’s revenues for October of $1.4 billion exceeded budgeted estimates for the month by $256.2 million, Tennessee Department of Finance and Administration Commissioner Butch Eley announced Friday.
This October’s revenues exceeded last October’s by $238.9 million, representing a 20.52 percent growth rate year-over-year.
Read the full storyNew Michigan Budget Expands Cheaper Child Care
Gov. Gretchen Whitmer welcomed the expansion of free or low-cost child care to 105,000 more kids via the expanded income eligibility criteria in the latest bipartisan budget.
Families of four earning up to $49,000 will be eligible for free or low-cost child care under new criteria, helping parents return to work
“We need to continue working hard to drive down costs for families and expand access to high-quality, affordable childcare so parents can go to work knowing that their kids are safe and learning,” Whitmer said in a statement. “I was proud to put childcare first in the bipartisan budget I signed in September. Together, we lowered costs for working families by expanding low or no-cost care to 105,000 kids and providing grants to improve childcare programs and empower childcare professionals. Countless working parents rely on childcare, and we must continue expanding high-quality care to help every working family thrive.”
Read the full storyTennessee Bureau of Investigation Requests $59M Increase in Next Year’s Budget
The Tennessee Bureau of Investigation requested a $59 million budget increase in its budget hearing this week with Gov. Bill Lee and advisers.
The request includes $24.9 million for a career path initiative that will assist with recruitment and retention of staff, an issue many government agencies cited in hearings this week.
TBI’s proposal also included requests for $11.7 million for one-time training and equipment and $10.2 million to hire forensic services positions, including $5.65 million in recurring expenses and $4.5 million in one-time expenses.
Read the full storyWhite House Says Reconciliation Bill Will Spend More on Climate Than Entire Energy Department
The Democrats’ reconciliation package will likely include more than $500 billion worth of climate provisions, more than the entire Department of Energy budget, the White House said, according to The Hill.
The budget represents an opportunity for “historic investment in climate change,” White House Chief of Staff Ron Klain said during an event hosted by The Hill on Tuesday evening. The likely price tag for climate programs included in the bill is likely to fall somewhere between $500 billion and $555 billion, Axios previously reported.
Read the full storyMinneapolis Police Department Down 296 Officers, Seeks $27 Million Funding Boost
The Minneapolis Police Department has lost nearly 300 officers since 2020, and the city is trying to fund a budget that replaces those officers and protects residents from an increase in violent crime.
Minneapolis Mayor Jacob Frey’s 2022 recommended budget would increase the Minneapolis Police Department’s (MPD) budget by $27 million, or 17%, if approved by the City Council.
Read the full storyCommentary: Biden’s Desperate Race to the Lying Bottom
On Monday, Joe Biden uncorked the largest lie of a 50-year political career overstuffed with them.
“My Build Back Better Agenda costs zero dollars,” he tweeted. “Instead of wasting money on tax breaks, loopholes, and tax evasion for big corporations and the wealthy, we can make a once-in-a-generation investment in working America. And it adds zero dollars to the national debt.”
Read the full storyManchin Reportedly Calls on Democrats to Push Budget Back to 2022
Democratic West Virginia Sen. Joe Manchin reportedly said in private that the “strategic pause” he has pushed for regarding his party’s budget should last through the end of the year.
Manchin’s remarks, first reported by Axios, would mean a sharp departure from Democrats’ long-stated goals, which include passing both the budget and the bipartisan infrastructure bills before the end of September.
His remarks align both with a Wall Street Journal op-ed he wrote earlier this month and recent comments he made calling for a “pause” on the budget as Congress addressed other priorities ranging from a messy Afghanistan withdrawal to multiple natural disasters.
Read the full storyDemocrats Plan to Hike Taxes to Pay for Their $3.5 Trillion Budget
House Democrats will consider nearly $3 trillion in tax hikes over the next decade in an attempt to pay for their $3.5 trillion budget that includes most of President Joe Biden’s domestic agenda and would overhaul the nation’s social safety net.
The hikes are predominantly focused on wealthy Americans and large corporations. Among the increases is a top income tax bracket of 39.6%, up from 37%, which Democrats say would raise $170 billion in revenue over the next decade.
A summary of the proposals leaked Sunday, and was first reported by The Washington Post.
Read the full storyDespite Increased Revenue Projections, Michigan Gov. Whitmer Tells State Agencies to Brace for Shutdown
Last week, Gov. Gretchen Whitmer’s (D-MI) State Budget Director Dave Massaron instructed state department heads to begin preparing for a possible government shutdown, though Michigan taxpayers may have other concerns to expect from current budget negotiations.
Technically, Michigan state lawmakers are supposed to have passed a full budget for the governor’s signature by July 1, although officials have until Sept. 30 to finalize an agreement that would avoid a partial government shutdown.
Read the full storyDemocrats’ $3.5 Trillion Spending Package in Jeopardy, with Pelosi Appearing Short on Votes
Washington Democrats’ efforts to pass their signature, $3.5 trillion spending package is in jeopardy of falling apart, as House Speaker Nancy Pelosi, leader of the Democrat-controlled chamber, does not appear to have the votes this week to advance the measure awaiting in the Senate.
The votes are set to be cast Monday and Tuesday, with House members returning for two days during their August recess to try to move forward the pending package.
Pelosi can afford to lose only three votes in the narrowly divided chamber. However, nine moderate Democrats have vowed to oppose the two voting measures until the House passes a roughly $1 trillion, bipartisan infrastructure spend package passed in the Senate before the recess.
Read the full storyAnalysis: Republican Officials Leave Their Voters Behind over Not Supporting Monthly Child Tax Credits
As tens of millions of American families across the country began to see the second round of monthly cash payments appear in their bank accounts Friday, Republicans in Congress remained oddly quiet.
The checks were the result of an expansion of the Child Tax Credit (CTC), which was part of the $1.9 trillion coronavirus relief package President Joe Biden signed into law in March. While every Republican in Congress voted against the bill, the credit itself is overwhelmingly popular among registered Republicans and Americans overall, creating a rift between reliable conservative voters and the GOP lawmakers who represent them.
Read the full storyCommentary: Inflation Hits 5.3 Percent in July as $1.2 Trillion Infrastructure Bill Easily Passes with $3.5 Trillion Stimulus Expected in September
The unadjusted consumer price index as measured by the Bureau of Labor Statistics was 5.28 percent for the month of July, slightly lower than June at 5.32 percent, but still measuring the highest inflation on record since July 2008, when it hit nearly 5.5 percent.
The latest numbers come as Congress has easily passed another gargantuan $1.2 trillion infrastructure spending plan that included $550 billion of new spending. Interest rates have already reacted as 10-year treasuries came off a near-term low of 1.17 percent on Aug. 2 to 1.36 percent as of Aug. 12, slightly increasing inflation expectations.
The $1.2 trillion spendathon was just the latest in a long line of spending that has added $5.25 trillion to the national debt since Jan. 2020 in response to the Covid pandemic all the way to the current $28.5 trillion: the $2.2 trillion CARES Act and the $900 billion phase four under former President Donald Trump, and then the $1.9 trillion stimulus under President Joe Biden. It’s been a bipartisan affair.
Read the full storySenate Democrats Publicly Release $3.5 Trillion Filibuster-Proof Budget Reconciliation Resolution
Senate Democrats have publicly released their $3.5 trillion, filibuster-proof budget reconciliation resolution.
The draft of the legislation released on Monday includes new spending programs that the White House has labeled “human infrastructure,” such as universal pre-K, childcare support and tuition free community college.
The spending total is estimated over a 10-year period. Using budget reconciliation allows the Democrats to pass the measure without votes from Republicans in the 50-50 Senate. Democrats used the same process in March to pass President Biden’s $1.9 trillion pandemic stimulus package called the American Rescue Plan Act.
Read the full storyThe Congressional Budget Office Says the Bipartisan Infrastructure Bill Will Increase Deficits by $256 Billion over 10 Years
The Congressional Budget Office estimated Thursday that the bipartisan Senate infrastructure bill will add $256 billion to the deficit over the next decade, undercutting its backers’ claims the spending had been offset.
In FY2020, the deficit hit a record $3.1 trillion. So far in FY2021, the deficit is $2.2 trillion. The national debt is climbing to $29 trillion for the first time in U.S. history.
Read the full storyGeorgia to Start Accepting Applications for American Rescue Plan Funds Sunday
Georgia is still deciding how to divide more than $8.1 billion from American Rescue Plan Act (ARPA), which was signed into law by President Joe Biden in March.
Applications for more than $4.8 billion in funding opens up Sunday. State government entities, local governments, businesses and nonprofits have 30 days to apply for the aid.
The aid will be issued in two installments and cover expenses from March to the end of 2026, but the state has until December 31, 2024, to allocate all of the funds.
Read the full storySenate Democrats Attempt to Add Funding for Dreamers, Border Security to Budget Bill
Senate Democrats are attempting to add funding for “Dreamers” and border security to their budget bill, Axios reported Friday.
The Democrats are looking at adding $10 billion to their $3.5 trillion budget reconciliation package towards border security infrastructure at legal points of entry, according to Axios. The Democrats previously planned to allocate around $120 billion for citizenship for undocumented essential workers, immigrants with Temporary Protected Status and Dreamers.
Read the full storyTennessee’s June Revenues $372 Million over Budget for a $2.8 Billion Surplus
Tennessee’s revenues for the month of June exceeded the budget by $372.3 million, putting the year-to-date surplus at $2.8 billion, Commissioner of the Tennessee Department of Finance and Administration Butch Eley announced Thursday.
State taxes for June 2021, which is the eleventh month of the current fiscal year, were $321.1 million more than June 2020.
Read the full storyArizona Legislature Wraps up Session for the Year
The Arizona Legislature wrapped up this year on Wednesday with a nearly record-long session, reaching 171 days. Lawmakers came to an agreement on most of the budget last Friday that contained historic tax cuts. Governor Doug Ducey signed that bill, HB 2900, also on Wednesday.
During the last few hours, the legislature approved the education budget bill, HB 2898, which included an expansion of the school voucher program. It reduces the length of time children must attend a public school before they are eligible for vouchers to use at a private school. Low-income children who live near poorly-rated schools will be eligible immediately, and others will only have to spend 45 days in the school, down from 100 days.
Read the full storyMichigan House Passes Bipartisan Budget, Including Historic Increases in Education Spending
Although she thinks it’s only a “start,” Gov. Gretchen Whitmer applauded the bipartisan budget passed Thursday night by the Michigan House of Representatives.
The House voted to pass the budget before the July 1 deadline, and includes the governor’s proposal to implement the largest increase in K-12 public school spending in the state’s history. Whitmer’s office claims the $16.7 billion in school expenditures will “close the gap between the lowest- and highest-funded school districts for the first time since the goal was introduced in 1994.”
Read the full storyHistoric Income Tax Overhaul Reduces Burden by 13 Percent for Most Arizonans
Arizona Governor Doug Ducey is expected to sign a budget bill the Arizona Legislature sent to him on Friday that includes a historic tax reform package. HB 2900 implements the lowest flat tax in the country, 2.5%. The average Arizona family will see a 13% income tax reduction, about $350 per year. According to the nonpartisan Tax Foundation, Arizona previously had one of the highest marginal income tax rates in the country.
The budget bill also eliminates taxes on veterans’ retirement pay and prevents a 77% increase on small business taxes. It reduces property taxes by 10% on small businesses and job creators by 10%, capping the maximum tax rate on businesses at 4.5% and reducing commercial property taxes. According to a report by Ducey, 43% of Arizonans in the private sector work for small businesses. HB 2900 increases the homeowner’s rebate so the state covers half of homeowners’ primary property taxes.
Read the full storyMinnesota House Approves Housing Bill
The Minnesota House approved the housing budget on a vote of 72-59.
The $125 million measure aims to fund a plethora of programs to create more affordable and stable housing.
Included in the budget is an off-ramp to the eviction moratorium.
Renters can only be evicted for “seriously endangering” another tenant or property or who is eligible for renter’s assistance but won’t apply.
Read the full storyTennessee’s Revenues for May $1.6 Billion, $432 Million More Than Budgeted
Tennessee Department of Finance and Administration Commissioner Butch Eley announced Thursday that the state’s revenues for May were $1.6 billion or $432 million more than the budgeted monthly revenue.
Revenues for the ten-month period put the surplus at $2.4 billion for the 2020-2021 fiscal year.
Read the full storyWashington Correspondent Neil McCabe Answers the Question of the Day, What Is Infrastructure?
Wednesday morning on the Tennessee Star Report, guest host Ben Cunningham welcomed Washington Correspondent Neil McCabe to the newsmakers line to weigh in on the definition of infrastructure, budget reconciliation process, and the filibuster.
Read the full storyRepublicans Release Plan to Address Growing Inflation Under Biden Administration
Congressional Republicans grabbed headlines this week after releasing an aggressive budget they say would cut taxes and spending, but key measures in the plan also would address one of the country’s most serious economic problems.
The House’s Republican Study Committee released a budget that lays out several measures to deal with inflation, a growing concern among economists after the latest federal data showed a spike in consumer prices. Notably, the index for used cars and trucks rose 10%, the largest one-month increase since BLS began recording the data in 1953. Food and energy costs rose 0.9% in the month of April, prescription drugs rose 0.5%, and gasoline rose 1.4% during the same month. The energy cost index rose 25% in the previous 12 months.
Republicans on the committee say their plan would address concerns over inflation by balancing the budget within five years, thereby eliminating the need to monetize debt, a process where the federal government prints money to make payments on what it owes. The national debt has soared to more than $28 trillion and is expected to continue climbing under President Joe Biden’s new spending plans.
Read the full storyWhitmer, Legislature Reach Deal on COVID-19 Restrictions, Collaborate Spending Billions
After 14 months of fighting over COVID-19 policy, GOP leaders and Gov. Gretchen Whitmer reached an agreement Thursday to negotiate the state budget and stimulus money in return for setting a date to end COVID-19 restrictions.
In return, Whitmer has agreed to withdraw the Michigan Occupational Safety and Health Administration’s (MIOSHA) proposed permanent rules and discuss legislative input on epidemic orders.
“Throughout the pandemic, we saw Michiganders all over the state step up and come together to slow the spread of COVID-19 and save lives,” Whitmer said in s statement. “Now, Michigan’s task is to unleash the potential of our people, to drive innovation and investment, and create tens of thousands of jobs and economic prosperity for all. Together, we can stay laser-focused on growing the economy and getting Michiganders back to work. Let’s hit the gas.”
Read the full storyCommentary: Price Stability, not Inflation, Will Get the U.S. Economy Back to Full Employment Sooner Rather than Later
2020 and 2021 are two sides of the same coin: Price instability brought about by the dollar being either relatively too strong or too weak, which can lead to or exacerbate economic slowdowns, creating higher unemployment and worse if the conditions persist for too long.
In 2020, at the height of the Covid pandemic, the problems included the global economy being shut down plus local lockdowns resulting in a massive recession and a flight to safety into U.S. treasuries as interest rates collapsed, making the dollar too strong. With the onset of deflation, consumer prices plummeted in March and April 2020, with oil even dropping briefly below zero dollars for the first time in history, and a concurrent rise of unemployment as 25 million Americans lost their jobs.
Read the full storyTennessee’s Revenues in April Push Budget Surplus to over $2 Billion with Three Months Remaining in the Fiscal Year
Higher than expected revenues for the month of April resulted in the state’s budget surplus exceeding $2 billion with three months remaining in the 2020-2021 fiscal year.
Commissioner of Tennessee’s Department of Finance and Administration Butch Eley made the announcement Friday that April revenues of $2.5 billion resulted in a $596.7 million surplus for the month of April 2021.
Read the full storyDavidson County Metro Council Member-at-Large Steve Glover on Nashville’s Budget Handover and Fiscal Irresponsiblity
Monday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Metro Council Member-at-Large Steve Glover in studio to discuss the Davidson County budget proceedings and referenced a debilitating Wall Street Journal article that puts Nashville in a fiscally negative light.
Read the full storyDavidson County City Council Member and Republican Steve Glover Reacts to Nashville Mention in WSJ Article and State of Metro Address
Monday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Metro Council Member-at-Large Steve Glover to the studio to weigh in on the overspending by Metro Government, the failures of Mayor Coopers State of Metro address issues, and recent Wall Street Journal piece.
Read the full storyFlorida Legislature Passes $101.5 Billion Budget
Friday marked the last day of the legislative session, and the state legislature agreed upon a record-setting budget bill.
“State lawmakers on Friday signed off on a record $101.5 billion on the state budget that has left both Republicans and Democrats happy — mostly,” The Tampa Bay Times reported.
Read the full storyDeWine Signs $8.3B, Two-Year Ohio Transportation Budget
Ohio Gov. Mike DeWine praised the $8.3 billion state transportation budget he signed into law despite it missing the increased vehicle fees and massive cuts for public transportation he proposed.
The two-year budget, House Bill 74, provides money for road and bridge construction and maintenance, as well as other transportation priorities established by the committees in the House and Senate, along with DeWine.
“The budget ensures that we can continue to maintain and invest in Ohio’s roadways,” DeWine said Wednesday. “Ohio’s transportation system continues to be a critical part of our economy, moving materials and people safely across our state. This budget advances our commitment to invest in state and locally-maintained roadways.”
Read the full storyGeorgia Legislature Approves $27B Budget for New Fiscal Year
The Georgia General Assembly has approved a $27.2 billion spending plan for the 2022 fiscal year, which starts July 1.
The Senate and House agreed to spend more money on health care, education, transportation, state positions, internet access and economic initiatives.
The House approved the measure, 148-21, late Wednesday night after it cleared the Senate unanimously, 52-0. Lawmakers now must send the proposal for state spending through June 30, 2022, to Gov. Brian Kemp for consideration.
Read the full storyOhio Legislature Passes Transportation Budget with Additional Allocations
The Ohio Senate approved more than $8 billion it hopes will spur both economic development and job growth while tackling the state’s transportation needs over the next two years.
The state’s proposed transportation budget passed the Senate unanimously Thursday with some adjustments made by the Senate, including additional money for public transportation, local road projects and emergency road repair. It also requires the Ohio Department of Transportation to reopen currently decommissioned weigh stations to serve as overnight parking areas for commercial truckers.
“This transportation budget makes critical investments in Ohio’s communities and local infrastructure,” said Senate President Matt Huffman, R-Lima. “I am confident House Bill 74 will improve roads and infrastructure that Ohioans use every day and will enhance Ohio’s economy and promote job growth.”
Read the full storyState Revenues in February Exceeded the Budget by $191 Million, Puts Fiscal Year Surplus at $1.3 Billion
Commissioner of the Tennessee Department of Finance and Administration Butch Eley announced Friday that tax revenues to the state for the month of February exceeded the budgeted estimates by $190.9 million, which puts the fiscal year surplus at $1.3 billion.
February revenues of $1.13 billion represent an 11.06 percent growth rate or $112.7 million more than February of last year.
Read the full storyVirginia Budget Agreement Includes Five Percent Teacher Pay Raise, Tax Relief for Businesses
A Virginia budget compromise will include a 5% pay raise for teachers and tax relief for businesses negatively affected by the COVID-19 pandemic after several weeks of debate among lawmakers.
The budget legislation still needs to pass both chambers of the General Assembly, which is expected. Then, the bills will head to Gov. Ralph Northam’s desk at which time he can choose to sign the legislation or propose changes to it and send it back to the legislature.
Read the full storyTennessee Democrats Call for $1B Investment in a ‘Path to Recovery’
Tennessee Senate Democrats are calling for a $1 billion investment in public health clinics, school renovation, clean energy jobs and broadband internet expansion ahead of Gov. Bill Lee’s State of the State address Monday.
In a statewide address Friday aired virtually from her home in Memphis, Senate Democratic Caucus Chairwoman Raumesh Akbari proposed a plan dubbed the “Tennessee Path to Recovery” and called on Republican colleagues to work together to address issues facing Tennessee’s working-class families.
Read the full storyThe Buckeye Institute Goes After DeWine for ‘Pork Spending’ Budget
The Buckeye Institute has slammed the newly released Ohio budget for excess spending, saying that while it commends the governor for balancing the budget, the state missed an opportunity for reform.
Read the full storyOhio Governor Orders Millions More in Cuts to State Agencies
Saying immediate actions are necessary to keep the state’s budget balanced, Ohio Gov. Mike DeWine ordered hundreds of millions of dollars in cuts to state agencies.
“In the springtime, the impact of the COVID-19 pandemic on the global economy, and Ohio’s revenue, was dire. With this, reductions were made to the state biennial budget,” DeWine said. “With this executive order, we are finalizing current year budget reductions at $390 million across all agencies, which is less than the cuts implemented last year.”
Read the full storyMichigan State Administrators Project $1.24 Billion Tax Shortfall for 2020
Michigan’s General Fund and School Aid Fund tax revenues dropped $1.24 billion since January 2020, according to figures released Friday by state administrators and fiscal analysts.
The latest state consensus revenue estimating conference also projected an $84 million shortfall for 2021.
Read the full storyNew House Rules Carve-Out for ‘Climate Change’ Bills Exempted from Requiring Projected Price Tag
House Democrats blocked a Republican attempt on Monday to require any proposed climate change legislation to also include its projected cost.
Under the Pay As You Go (PAYGO) rule, any additional government spending proposed must be accompanied by tax increases or separate cuts. After a push from several lawmakers in the Democratic Party’s progressive wing, however, the rules package for the 117th Congress states PAYGO will not apply to legislation relating to the necessary economic recovery or U.S. efforts to combat climate change.
Read the full storyTennessee’s November Revenue Exceeds Budget Estimate by $129M
Tennessee tax revenue exceeded the state’s budget estimate by $129.5 million in November, continuing a four-month streak of positive revenue after declines in April, May and June.
The Tennessee Department of Finance and Administration said overall state revenue in November was $1.1 billion – nearly 2% more than a year ago. In the first four months of the fiscal year, tax revenue collections exceeded budgeted estimates by $576 million.
Read the full storyTennessee’s Year-to-Date Budget Surplus is Up to $447 Million
Three months into the 2020-2021 fiscal year, Tennessee’s actual revenues have exceeded the budget to create a $447 million surplus.
The surplus represents revenues that are 13 percent over and above the budgeted revenues through October and the fourth month in a row of budget surpluses.
Read the full storyGroups Applaud Budget Deal While Others Criticize Taxpayer-Funded ‘Pet Projects’
Michigan leaders sealed a $62.8 billion fiscal 2021 budget agreement, increasing spending by billions from last year’s initial budget even after state revenue plummeted from COVID-19 and policies placed to curb its spread.
Experts previously estimated Michigan’s revenue would drop by $6.3 billion over the next two fiscal years.
Read the full storyState Revenues $115.1 Million More than Budgeted for First Month of Fiscal Year 2021-2022
Tennessee revenues exceeded budgeted estimates for the first month of the state’s 2021-2022 fiscal year by $115.1 million, Department of Finance and Administration Commissioner Butch Eley reported Monday.
Total state revenues for August, the first month of the fiscal year on an accrual basis, were $1.16 billion, which is $22 million more than August 2019 and 11 percent more than the budgeted estimate for the month.
Read the full storyTennessee Revenues for July Exceed Budget Estimate by $667.1 Million
Tennessee tax revenues for the month of July exceeded the budgeted estimate by $667.1 million, Tennessee Department of Finance and Administration Commissioner Butch Eley announced Thursday.
Overall revenues of $1.86 billion in July were $689.4 million more than state revenues in July 2019.
The higher-than-expected revenues for July has the state finishing the 2019-2020 fiscal year in a surplus position of $369.2 million against the budgeted estimate and 2.42 percent above last year, despite the impacts of the COVID-19 economic slowdown.
Read the full storyComer Barn: Sumner County’s ‘Gift’ from Rogers Group Inc.
The Comer Barn was a “gift” to Sumner County from Rogers Group Inc. by way of a deed that had no funds involved, County Executive Anthony Holt announced to Sumner County Board of Commission members at several committee meetings in April 2016.
The old and picturesque stone horse barn, considered by many as a historic structure, is located on Highway 31 between Gallatin and Hendersonville on the property of one of Rogers Group’s quarries. Rogers Group is a road paver and builder, asphalt supplier and the largest privately-owned crushed stone, sand and gravel mix company in the U.S.
Read the full story