We received some really good news for the state of Tennessee this week. We got our ratings back from the credit rating agencies and the state of Tennessee continues to receive really the highest possible credit rating. Triple A from Moody’s and Fitch and double A+ from Standard and Poor’s. You might say, well what’ s the big deal as a citizen of Tennessee why do I care about that, really two reasons. One it means we pay lower interest on our debt which saves all of the taxpayers money, but secondly it says something about what kind of state we are and I think I’m most proud of that, that Tennessee has a history of being very financially responsible. We have very low debt, our debts the lowest per capita or the second lowest of anywhere in the country. It means that we’re responsible in our budgeting and financial decisions and this year’s legislature unanimously passed the budget in very difficult times. You know in a world where Washington can’t live within its means, Tennessee is showing that we can make those hard decisions and I think that gives the rating agencies confidence that we will continue to do that and what that means is lower taxes and a better living and working environment for all of us. So, this is big news for Tennessee, as I said it means less cost to the government but also reaffirms our rating as a state that manages things in the most responsible way period.
Many people today face mounting debt. Hounded by creditors, feeling powerless in the face of their circumstances, they wonder if they can ever break free from the anchor that’s weighing them down. Financial planner and consultant Ron Blue offers the practical advice people need to find their way to financial peace and prosperity. The HELP! Series provides answers to Focus on the Family’s most frequently asked questions. Drowning in Debt, Drowning in Debt, Drowning in Debt
Gov. Haslam Comments on the State’s Strong Credit Ratings
We received some really good news for the state of Tennessee this week. We got our ratings back from the credit rating agencies and the state of Tennessee continues to receive really the highest possible credit rating. Triple A from Moody’s and Fitch and double A+ from Standard and Poor’s. You might say, well what’ s the big deal as a citizen of Tennessee why do I care about that, really two reasons. One it means we pay lower interest on our debt which saves all of the taxpayers money, but secondly it says something about what kind of state we are and I think I’m most proud of that, that Tennessee has a history of being very financially responsible. We have very low debt, our debts the lowest per capita or the second lowest of anywhere in the country. It means that we’re responsible in our budgeting and financial decisions and this year’s legislature unanimously passed the budget in very difficult times. You know in a world where Washington can’t live within its means, Tennessee is showing that we can make those hard decisions and I think that gives the rating agencies confidence that we will continue to do that and what that means is lower taxes and a better living and working environment for all of us. So, this is big news for Tennessee, as I said it means less cost to the government but also reaffirms our rating as a state that manages things in the most responsible way period.