Representative David Byrd: District 71 Capitol Hill Update

Tennessee General Assembly Passes $39.45 Billion Budget

This week in Nashville, both the House and Senate approved a $39.45 billion budget that

addresses the unexpected revenue shortfalls caused by the ongoing Covid-19 pandemic in

Tennessee. The Fiscal Year (FY) 2020-2021 budget reduces the size of government through

common sense reductions and cuts totaling $1.5 billion over a two-year period in efforts to address historic revenue losses. The budget finalizes the elimination of the Hall Income Tax and does not raise taxes on Tennesseans.

The new state spending plan invests $350 million into T...