State of Tennessee Archives: on Budget & Economy


Bill Haslam: Balance budget without education cuts & tax decrease

In talking about the budget, it's also important to talk about what we did not do to balance the budget the past two years. We didn't raise taxes. In fact, we lowered them. We are also providing tax relief for low-income seniors, veterans and the disabled by fully funding the growth of the property tax relief program.

Another important thing we did not do to balance the budget was to cut education funding. Not only did we not cut funding, we had the second largest increase in state K-12 expenditures of all 50 states in fiscal year 2012. I'm not sure that Tennessee has ever been able to say that before. The average increase was nearly 3 percent. Ours grew almost 12 percent in state education funding. Education is another example of how in Tennessee we're distinguishing ourselves as different from the rest of the country.

Source: 2013 State of the State speech to Tennessee legislature Jan 28, 2013

Phil Bredesen: Adjust our expenses to match our income, like family budget

My goal throughout this recession has been to remain true to the principle of the "family budget" that I talked about when I first became governor. It's nothing more than the commonsense idea that we're going to adjust our expenses to match our income, and we're going to be very careful about using money from our savings account. It's the way sensible families have to manage through these times, and while the numbers for state government are much larger than for any family, the principle is the same.

Source: Tennessee 2010 State of the State Address Feb 1, 2010

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Page last updated: Apr 20, 2014