Tag Archives: Budget

Governor Bill Lee unveiled a plan Thursday to shave another $284 million in revenue from the new fiscal year budget. Representative Ryan Williams and the House Finance Committee discussed budget priorities with the governor Thursday. “They presented us a way in which we can continue to cut, areas where we can cut, and rob Peter to pay Paul for a ... Read More »

The Putnam County Schools got positive budget news from the state Thursday night. Director of Schools Corby King said the state’s estimated BEP payment to Putnam County will increase by some $219,000. That reduces the school system’s deficit for the next fiscal year to some $887,000. The deficit will be covered by the system’s fund balance, including money saved during ... Read More »

The Cookeville City Council approved a new budget with no property tax increase on first reading Thursday night. The tax rate remains at 99 cents per $100. One cent equates to about $89,000 in revenue. 72 of that 99 cents goes to the general fund. That represents a one cent increase with the money coming from the economic development fund. ... Read More »

Cookeville City Council will vote on a $29.6 million budget Thursday night. Cookeville Finance Director Brenda Imel said the overall budget shows a deficit, but that number includes capital expenditures. The total budget shows a $536,000 deficit. The actual operating budget minus capital expenditures shows a surplus. The proposed budget includes longevity raises for city employees and up to two ... Read More »

The Cumberland County School Board approved its 20-21 fiscal year budget Thursday night, but the work may not be over. “We have no idea what’s coming from the state, what’s coming from the commission,” Board Chair Teresa Boston said. “We do understand that in the month of June and July there may be some changes and we may be coming ... Read More »

The state legislature could arrive in Nashville next week looking to save an additional $500 million. State Senator Paul Bailey said state economists are trying to determine just how severe April’s revenue downturn will be. “I think that our economists have probably been very conservative,” Bailey said. “They usually are conservative with their numbers every year when we do our ... Read More »

The Cookeville Regional Finance Committee approved a new fiscal year budget Tuesday night projected to produce a $5 million profit for the medical center. That’s compared with a projected $16 million loss for this fiscal year, based on COVID-19 expenses and loss of revenue. CRMC Chief Financial Officer Steve Ramey said the budget includes $336 million in revenues next fiscal ... Read More »

The Town of Monterey passed its new fiscal year budget on second reading Tuesday night. The $4.7 million budget features a status-quo approach because of COVID-19. The third and final reading of the budget comes in June. The board also approved a five percent increase in water and sewer rates. On minimum water usage, the average bill would increase 25 ... Read More »

Crossville City Council members took their first look at the city’s $17.6 million budget last week. Call it a budget process full of uncertainty. Crossville City Council Member J.H. Graham III said financial questions surrounding COVID-19 make that process difficult. “No one I know of has a crystal ball,” Graham said. “We’ve never been through this before in my time, ... Read More »

Crossville City Council got its first look at a $17.6 million budget Thursday night during a budget work session. The council’s biggest issue during the nearly two-hour session focused on health insurance costs and trying to understand what made up the numbers. The city’s insurance plan does not align with the budget meaning the city has to predict January increases. ... Read More »