Senate passes nearly $40B budget using reserves to cover shortfall

By , Daily Memphian Updated: June 12, 2020 9:54 AM CT | Published: June 11, 2020 6:02 PM CT

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.


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Sam Stockard

Sam 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.


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