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Topic: Electric motor vehicles
General Assembly adjourns; approves ‘09 budget with “no new taxes”
By Tennessee Republicans | May 22, 2008 | 
GOP Week In Review: General Assembly adjourns “Sine Die”
The 105th General Assembly adjourned “Sine Die” this week, concluding a contentious session in which lawmakers were forced to make difficult decisions regarding the lottery scholarship program and the budget. Ultimately, legislators came together to form compromise legislation that will greatly benefit Tennesseans by allowing more students access to college, passing a budget with no new taxes, and providing seniors with more healthcare options.
Budget passes both chambers at eleventh hour
The 2008-2009 budget was passed late Wednesday night, and is lauded by Republicans as a fiscally responsible one in which reasonable cuts in growth were made. The total budget, which includes federal dollars, for 2008-2009 is $27.5 billion, $245 million less than originally proposed in January. The 2007-2008 total budget was $27.75 billion, $250 million more than this year’s. The state portion of this year’s budget was $13.6 billion, a $200 million decrease from 2007-2008.
April 2008 was the worst month on record for revenue growth in Tennessee, and the third quarter of this fiscal year was the second worst quarter on record. Projections show that the fourth quarter—of which the state is halfway through—could be even worse. «Read the rest of this article»
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