Thursday, September 11, 2008

Kudos to Gov Phil Bredesen and Dave Goetz

Most budget problems at the State and local level can and should be anticipated. Unfortunately. most elected officials refuse to deal with them until a tax hike is the only option to "solve" the crisis.

It appears that Governor Bredesen and Commissioner Goetz are looking ahead and reducing spending. Kudos to them both.

Link

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."