Committee advances bill to impose fees on certain international money transfers The Finance Ways and Means Committee moved House Bill 2502 to calendar and rules after the sponsor described proposals to levy a $10 fee plus 2% on money transmitted abroad via money transmitters (excluding traditional banks); the measure passed committee 22–0 with three present non-voting.

Tennessee is set to impose new fees on international money transfers, potentially affecting millions of dollars sent abroad each year!

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Finance committee hears budget amendment from Finance & Administration outlining nonrecurring investments in housing, health, safety and technology Commissioner Jim Bryson and staff presented a budget amendment emphasizing nonrecurring funding for K–12 safety grants, a DDA housing pilot, TennCare reimbursements for rural health clinics, a Tennessee Safe public‑safety initiative, and technology investments including lab systems and quantum network links.

Tennessee's new budget amendment promises significant investments in education, housing, health, and public safety, with a focus on innovative solutions and community support.

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#TN #CitizenPortal #EducationReform #HealthServices #PublicSafety #TennesseeFinance

Tennessee treasurer warns criminal-injuries fund could go negative by 2028, praises TCRS performance State Treasurer David Lillard told the House Finance committee that Tennessee's retirement system has strong investment returns but cautioned that smaller special funds, notably the Criminal Injuries Compensation Fund, face structural shortfalls with a projected negative balance by 2028 absent action.

Tennessee's Treasury is thriving with strong investment returns, but urgent action is needed to prevent the Criminal Injuries Compensation Fund from going negative by 2028.

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Tennessee finance officials outline ARPA spending, technology projects and cautious FY27 outlook The Department of Finance and Administration briefed the Finance, Ways and Means Committee on federal COVID relief spending, ARPA project status, technology investments and the state's revenue outlook for FY27. Officials said most ARPA funds have been committed, highlighted major broadband and water projects, and warned of slower revenue growth in

Tennessee is transitioning from pandemic relief to impactful long-term investments, with billions allocated for critical infrastructure and technology upgrades.

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#TN #InfrastructureInvestments #CitizenPortal #TennesseeFinance #DigitalGovernment #PublicHealth

Tennessee legislature passes House Bill 1092 for federal aid transparency and oversight Lawmakers require clear processes for accepting federal funds and mandate compliance reports.

Tennessee lawmakers are pushing for House Bill 1092, a game-changing legislation aimed at tightening control over federal aid and ensuring transparency in state finances.

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New law mandates attorney fees for unpaid claims after thirty days New legislation requires payment of attorney fees for unpaid claims within 30 days.

Tennessee's new House Bill 745 could change the game for financial transactions by mandating attorney fees for unpaid claims after just 30 days!

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#TN #FinancialAccountability #BusinessEfficiency #LegislativeReform #CitizenPortal #TennesseeFinance