November 17, 2007

Revenue Crisis Update

Today's Tennessean carries the AP report on the state's growing tax revenue "shortfall," which doesn't mention at all the role of the state's over-spending in creating the new fiscal crises. The Tennessee Republican Party issued a statement to the media yesterday regarding the revenue numbers shortly after the revenue numbers were released, explaining how the Bredesen administration's decision to over-spend the constitutional spending limit by $723 million this year has contributed to the growing fiscal crises. The AP report did not include any comments from anyone other than Gov. Bredesen's finance commissioner.

I've tried to post the TN GOP's statement on the Tennessean's reader comments forum for the AP story but it won't let me log in. Update: Brief glitch - it finally did let me post a comment.