October 8, 2008
Local Legislators announce state funds for Loudon County
(NASHVILLE, TN), October 9, 2008 – Local State Senator Randy McNally and Representative Jimmy Matlock today announced that during fiscal year 2008-2009 Loudon County will receive approximately $59,682,800 of state appropriations. The County will also receive a portion of the $9.5 billion of federal funds included in Tennessee’s $27.7 billion budget as adopted by the 105th General Assembly.
“I am very pleased that Loudon County has received an increase in funds this year, when most Tennessee counties saw decreases in their state appropriations,” said Senator McNally, who is Chairman of the Senate Finance Committee. “We continued to see an increase in money going to K-12 education, and transportation needs which will keep our county moving forward.”
K-12 education funds increased from $28,568,000 from the 2007-2008 budget to $28,623,000 in the 2008-2009 fiscal year, while transportation money increased from $1,234,500 to $3,147,800. State tax collections were also up slightly from $5,366,700 to $5,474,000. Overall, state appropriations to Loudon County increased from $57,985,500 to $59,682,800 from the 2007-2008 to the 2008-2009 budget year that started on July 1. The funds represent a $7.4 million increase from two years ago when the county received $52,236,700.
“I am very pleased that Loudon County’s share of state dollars has grown substantially, even in the slowing economy,” Rep. Matlock added. “I will continue to work hard to make sure Loudon County receives its fair share of state funds in the next General Assembly.”