(NASHVILLE, TN), January 25, 2011 — State Senator Bill Ketron (R-Murfreesboro) has been re-elected by his colleagues to lead the General Assembly’s Fiscal Review Committee. Ketron was elected by acclamation at a meeting on Tuesday to serve as Chairman of the joint House and Senate committee, which serves as the watchdog for all state government spending.
The bi-partisan Fiscal Review Committee conducts a continuing review of the financial operations of state government. It also reviews state contracts and is responsible for preparing and distributing the fiscal notes that show how proposed legislation would impact state and local governments financially.
“Thanks for the confidence you have placed in me,” Senator Ketron told the members of the committee after the election. “I appreciate the opportunity to serve again as Chairman of this committee. We have made great strides over the past two years and I look forward to continuing to move in the right direction.”
The work of the Fiscal Review Committee served as an impetus for a new law sponsored by Ketron last year designed to implement cost saving strategies taken from the best practices implemented by procurement officials nationwide. When fully implemented, the procurement law is expected to save Tennessee hundreds of millions of dollars over the long run.
“It is important that the taxpayers of this state know that every dollar of our state budget is spent wisely, especially in economically challenging times when we must be fiscally responsible. The Fiscal Review Committee will continue to seek ways to ensure this is happening.”
State Representative Curtis Johnson (R-Clarksville) was elected Vice-Chairman of the Committee in a contested election with Representative Charles Curtiss (D-Sparta), while Jim White was reappointed Executive Director.