Gov. Bredesen delivers his 2010 State of the State Address.
Eighth Balanced, Common-Sense Budget Uses Some Rainy Day Funds to Preserve Jobs
NASHVILLE – Governor Phil Bredesen today delivered his eighth State of the State Address to the members of the 106th General Assembly, speaking to achievements in areas like education, job creation and child welfare and the challenges of maintaining services in the midst of declining revenues and the national economic recession.
In addressing the proposed FY 2010-2011 budget, Bredesen said he is building on the four-year budget designed last year to guide Tennessee through the economic recession and influx of one-time stimulus funds. The Governor said he adhered to the principle of the “family budget” in crafting his proposal.
“It’s nothing more than the common-sense principle that we’re going to adjust our expenses to match our income, and we’re going to be very careful about using money from our savings account so we can keep it healthy,” Bredesen said. “It’s the way sensible families are managing through these tough times, and while the numbers for state government are much larger, the principle is exactly the same.”