Balancing the Budget
Tennessee Politics reports the following on its website Thursday: "State Treasurer Steve Adams has identified about $400 million in various reserve funds that he said could be reasonably used to balance the current year’s budget. The biggest single chunk is $100 million of the $178 million now held in a 'rainy day fund'." Well, with the shortfall now claimed to be approaching $480 million, you have to wonder why Mr. Adams ignores the remaining $78 million in the rainy day fund. Seems to me it's raining. With that $78 million, plus the $400 million Mr. Adams identified, the budget can be balanced without a tax increase. Hurrah! Now vote for it, legislature, and go home.