Tennessee’s Attorney General Herbert Slatery issued an opinion in 2018 in response to a legislator’s inquiry indicating that allocations to the reserve for revenue fluctuation account, otherwise known as the Rainy Day Fund, do not count toward the Copeland Cap. State Senator Brian Kelsey (R-Germantown) (pictured left) requested an…
Read MoreTennessee Attorney General: Rainy Day Fund Monies Excluded From the Copeland Cap
