It appears that Governor Bredesen and Commissioner Goetz are looking ahead and reducing spending. Kudos to them both.
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NASHVILLE, Tenn. (AP) -- Administration officials have asked state departments and agencies to draw up plans for a possible 3 percent cut in their operating budgets next year.
The Chattanooga Times Free Press reports Finance Commissioner Dave Goetz told officials in a memo last month that "because of current economic conditions, we must assume that we may undercollect state revenue estimates in the current year, lowering the base for projecting 2009-2010 revenues."