NewsChannel 5 +Inside Politics


Inside Politics: Balancing Tennessee's Budget

Posted at 11:10 AM, Jun 01, 2020
and last updated 2020-06-01 12:10:55-04

Our guest on INSIDE POLITICS is Lt. Governor Randy McNally. He is heading efforts in the State Senate to balance this year’s budget as well as next year’s spending plan which begins on July 1st. There are estimates Tennessee facing a billion- dollar loss in revenue over the next year or so. We always appreciate the Lt. Governor taking time to be with us, especially now during this time of crisis. We will also be discussing this news that broke on Thursday: In light of the significant loss of state tax revenues, the Lee administration is looking to implement a multi-year plan to cut the state budget beginning with a 12% reduction for state departments starting July 1st.