(c)2013 NPT PHOTO BY NELSON MORAIS
David H. Lillard, Jr., the Tennessee state treasurer, spoke about state financial
matters on Tuesday at the luncheon/meeting of the Newport Kiwanis Club.
|Published: 9:31 AM, 08/29/2013
||Last updated: 9:32 AM, 08/29/2013
Author: Nelson Morais
Source: The Newport Plain Talk
NEWPORT-"Tennessee is one of the best financially
managed (states in the U.S.), and with a low tax rate," said State
Treasurer David Lillard Jr. on Tuesday, Aug. 27.
Lillard was the guest speaker at the Kiwanis Club
luncheon/meeting held at the Fox & Hounds Restaurant.
Lillard explained in literature that the state treasurer
is a constitutional officer elected every two years in a joint session of both
houses of the General Assembly. The treasurer's main responsibilities relate to
the financial operations of state government, including being responsible for
the control and settlement of all state funds through bank accounts maintained
by the Treasury Department.
Lillard said the treasury department invests $50 billion
in state and local government funds. "Unlike many other states, our
internal staff invests" the money, he stated.
For more details, please see the Thursday edition of the
Newport Plain Talk.
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