Tennessee's Credit Rising?

DeSue, Tedra
June 2006
Bond Buyer;6/15/2006, Vol. 356 Issue 32403, p1
Trade Publication
The article reports on the financial instability of the state of Tennessee. The planned budget for the following year amounted to $26.1 billion but the state expected to generate $26.5 billion which includes a $500 million debt. Governor Phil Bredesen anticipated for a development on the place's economic status by making better deals to markets. This unstable financial situation of the state is due to the damage made caused by Hurricane Katrina.


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