Harwell: Contingency Budget Plans Prove TN’s ‘Serious’ About Fiscal Responsibility

Press Release from House Speaker Beth Harwell, R-Nashville; Aug. 19, 2011: 

Following the release of a memo from the Department of Finance and Administration concerning the development of contingency plans should federal spending levels be reduced for Tennessee, House Speaker Beth Harwell (R—Nashville) released the following statement:

“For years, Washington has conducted itself in an irresponsible manner with our hard-earned taxpayer dollars. Now that those free-spending habits have pushed our country to the brink, we finally see signs that D.C. may be ready to make the tough decisions necessary to get our nation’s fiscal house in order.

“This means Tennessee may see reductions in federal spending. Given that, the Governor and the Finance Commissioner have asked for proposals from the respective agencies as to how those reductions would be carried out. It is helpful to keep in mind these are merely projections and they would only affect those areas receiving federal funding.

“Ultimately, I believe this is a responsible move by the Governor and I look forward to reviewing the proposals he receives. Tennessee is well-known for having a strong financial rating and this move shows we are serious about maintaining our status as a fiscally-responsible State. If only Washington could conduct itself in the same manner.”