A Headline We Should Never See
From KnoxNews.com:
State will have money to burn
NASHVILLE - Economists told the State Funding Board on Monday that the state government will have about $600 million more to spend next year than expected when Gov. Phil Bredesen’s budget proposal was originally presented.
Dr. Bill Fox, who heads the University of Tennessee’s Center for Business and Economic Research, also recommended that the state’s “rainy day” savings fund be increased to about $1.1 billion. It is now at a record high level of $497 million.
Imagine that. The state will have a $600 million surplus and they just happen to have a recommendation to increase the rainy day fund by that same amount. WEIRD. That should keep all that pesky talk of giving taxpayers their change back to a minimum.
