Representative David Byrd: District 71 Capitol Hill Update
June 25, 2020
Tennessee General Assembly Passes $39.45 Billion Budget
This week in Nashville, both the House and Senate approved a $39.45 billion budget that
addresses the unexpected revenue shortfalls caused by the ongoing Covid-19 pandemic in
Tennessee. The Fiscal Year (FY) 2020-2021 budget reduces the size of government through
common sense reductions and cuts totaling $1.5 billion over a two-year period in efforts to address historic revenue losses. The budget finalizes the elimination of the Hall Income Tax and does not raise taxes on Tennesseans.
The new state spending p...