Categories
Press Releases

Fitzhugh: Ignoring Revenue Upswing ‘Simply Irresponsible’

Press release from the Tennessee Senate Democratic Caucus;July 12, 2012: 

NASHVILLE – House Democratic Leader Craig Fitzhugh (D-Ripley) issued the following statement on behalf of the House Democratic Caucus regarding the June revenue collections, which showed an over-collection of $116,563,000 for the month and $554,650,100 for the first eleven months of the fiscal year:

“Back in April, House Democrats predicted that Tennessee would have excess revenue well north of $200,000,000 based on trends in over-collections. On multiple occasions, we requested that the State Funding Board call a meeting to revise their revenue projections, so the state’s budget for FY ’12-‘13 would reflect more accurate revenue figures. When the majority party ignored our calls, House Democrats put forward an alternative budget we felt was more in line with revenue trends. Our alternative budget was balanced, it cut the food tax by an additional .25 percent, it restored the 2 percent cut to higher education— which would have helped avoid the 6-9 percent tuition hikes we are seeing across the state. Our alternative budget put $20,000,000 into our community colleges and technology centers, avoided cuts to key services and reduced our reliance on bonds for capital projects. All this could have been done for less than the $200,000,000 we had in over-collections at the time. Now, with double that figure in over-collected revenue, we must act—at the very least—to lower the sales tax on food and stop tuition from continuing to climb. The economy is improving, but our families are still struggling. We have the means to make putting food on the table a little easier and make college a little more affordable. If we ignore this opportunity, it is simply irresponsible. It’s the people’s money; it should be used to their benefit—not for politics.”

1 reply on “Fitzhugh: Ignoring Revenue Upswing ‘Simply Irresponsible’”

Leave a Reply

Your email address will not be published. Required fields are marked *