Lee Administration releases plans to balance Tennessee Budget
June 11, 2020
Gov. Bill Lee’s administration recently outlined new spending plans for state government that reflect significant revenue reductions due to the economic impact of COVID-19.
Department of Finance and Administration Commissioner Butch Eley presented state lawmakers with the revised budget plans for the current fiscal year, as well as FY 2020-21, which begins July 1, 2020, and a framework for the following fiscal year, 2021-22.
“We will balance our budget each year while providing important services to our citizens,” Eley said. “We’re adjusting to the immediate impact of the pandem...