Senator Watson Shares Tennessee’s Success Story With Nation’s Top Credit Rating Agencies

Wednesday, October 10, 2018

Senate Finance, Ways and Means Committee Chairman Bo Watson said on Wednesday that he thinks Tennessee made a very strong case to continue to garner the highest AAA rankings from all three of the nation’s top credit rating agencies. Senator Watson joined Governor Bill Haslam, Comptroller Justin P. Wilson, Deputy Comptroller Jason Mumpower, Tennessee Finance and Administration Commissioner Larry Martin, Secretary of State Tre Hargett and Treasurer David H. Lillard in meetings with the agencies this week in New York City.  The group talked about Tennessee’s success as they made the case for the state to keep its AAA-rated excellent bond ratings.

“We presented a great financial story that I am optimistic will keep our top credit rating,” Senator Watson said.  “We have been very conservative and responsible in our budget practices.  Our pension plans are among the best funded in the nation, we have the lowest debt ratio of any state, and our reserves are at the highest level in state history.  In addition, we have a very robust economy and low unemployment rate which is further strengthened by smart investments by the state in education, technology and infrastructure.”

Tennessee has been rated AAA by Fitch Ratings, Moody’s Investor Services, and  Standard and Poor’s since 2016.  Watson said this is a reflection of the extremely strong confidence the rating agencies have in the state’s capacity to meet its financial commitments.



Enrollment Period Announced For Monthly Payment Program For Bradley County Property Taxes

Bradley County Trustee Mike Smith has announced the enrollment periods for the 12-month payment program for property taxes. The program for the 2019 property taxes will have the first payment due on March 15, 2019. Enrollment for the monthly payment program is currently open through Dec 7. An additional enrollment period will be from Jan. 3, 2019, through Feb. 8, 2019. ... (click for more)

Tennessee September Revenues Exceeded Budgeted Estimates

Tennessee revenues exceeded budgeted estimates for September. Finance and Administration Commissioner Larry Martin Thursday reported that overall September revenues were $1.4 billion, which is $63.4 million more than September of last year and $53.3 million more than the budgeted estimate. The growth rate for September was 4.66 percent. "September sales tax receipts continue ... (click for more)

Charles Pipkens, Lajeromeney Brown Arrested In Series Of Violent Home Invasions In Which Robbers Posed As Police

Chattanooga Police have arrested Charles Dijon Pipkens and Lajeromeney Brown in connection with a series of violent home invasions in which the suspects told their victims they were Chattanooga Police officers.. Pipkens, 27, was charged in an Aug. 11 case and Brown, 40, in an incident on Sept. 19. Pipkens, of 434 N. Hickory St., is charged with two counts of aggravated kidnapping, ... (click for more)

Fairyland PTO Says It Can't Get Help From Walker County Schools And Board For Cafeteria Woes

Officials of the Fairyland Elementary School PTO said in recent months, the Fairyland Elementary School cafeteria "has effectively been shut down due to equipment (which broke in June) and consequent staffing issues." The group said, "As it stands now, all food is 'satellited' in from Ridgeland High School to Fairyland Elementary School for all meals including breakfast, lunch ... (click for more)

Drink Up, Chattanooga

I attended the meeting to discuss the placement of the sewage treatment plant at the Cambridge Center in Ooltewah today. My problem with the meeting (aka) dog and pony show, is that the meeting started out with the agenda of the Ooltewah Community Council.  After living in this area for 45+ years I have never heard of this group.  I would like for someone to answer ... (click for more)

Roy Exum: The Saturday Funnies

The reviews are good after we initiated “The Funny Video of the Week” but today let me take the liberty of sharing an oldie that I consider the funniest of all time. Please be aware the principals are speaking Polish, which you also need to know makes not a bit of difference. I have watched “The Polish Spoon Trick” at least 50 times because every time I watch the video it makes ... (click for more)