Senate passes nearly $40B budget using reserves to cover shortfall
“I think this budget strikes the right balance between not being overly pessimistic and not being overly optimistic,” said Senate Majority Leader Sen. Jack Johnson, left, seen here on May 1, 2019. (Mark Humphrey/AP)
The state Senate approved a $40 billion budget for fiscal 2021, using a chunk of reserve funds to cover about $1 billion in tax shortfalls caused by the COVID-19 crisis, but refused to restore money for education and postpartum health care.
Topics
Raumesh Akbari Jeff Yarbro Jack Johnson Brenda Gilmore coronavirus 2020-21 budgetSam Stockard
Sam Stockard is a Nashville-based reporter with more than 30 years of journalism experience as a writer, editor and columnist covering the state Legislature and Tennessee politics for The Daily Memphian.
Comments
Want to comment on our stories? If you’re a subscriber, scroll down to the comments. If you’re not a subscriber, only paid subscribers can add their thoughts, so subscribe now. Our commenting policy can be viewed here.