The Nashville CityPaper reports that Metro Nashville government may soon see another $1 million depart its tax coffers, and local officials have to be watching mounting state budget troubles on the horizonz.
Reporter Nate Rau reports that Metro lost a judgment to a program called Teen Challenge for $1 million after jury deliberations. Metro can always appeal and delay paying but all the work coming out of the Metro legal department on this case has to cost something.
Meanwhile, reporter Ken Whitehouse reports that the state of Tennessee again has come up significantly short on tax collections. In August, the state received $56 million less than it had budgeted.
Don't look for that decline to end anytime soon. The national and state economy are going to stay in recession for at least until the beginning of next summer as the fallout in financials continues. And the home price crisis could well spread to the commerciall market as companies close offices and lay off workers across the country.
State lawmakers could well return to session in January facing a budget deficit for the existing budget year of more than $200 million. That's not even considering a deficit for the coming budget year.
A second stimulus check is be proferred by the Democratic-controlled Congress. But Republicans are more interested in drill, drill, drill for oil.
As CCR also sang, "I see a bad moon arisin' "
http://www.nashvillecitypaper.com/news.php?viewStory=62710
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