TN Angel Tax Credit?

The idea for a Tennessee Angel Investor Tax Credit has wings, but may or may not have legs. Read about it here.

State revenue outlook

The State Funding Board, which includes the state's treasurer and secretary of state, Gov. Phil Bredesen's F&A commissioner and others, sees no improvement in State revenue the next couple of years. Chattanoogan.com Meanwhile, KNS Columnist David Moon offers some anecdotal information on the economic outlook here. And, there's this report from the TFP on the flat revenue trend at TN Lottery, and the negative impact on HOPE scholarship funding.

State pension fund recovers some

State Treasurer David Lillard told a Kingsport audience the Tennessee Consolidated Retirement System pension fund has recovered from a Recession low of $23Bn to about $29Bn. Prior to the Recession's precipitous drop, the fund had reached about $33Bn. The Times News reports.

TN revenue continues slide

State Treasurer David Lillard told a mid-state civic group that state revenues are still sliding, in an erosion that won't end before the end of 2010, 15 months away. Jackson Sun reports.

Treasurer: TN Pension fund doing well

Encouragement for those hoping for a bigger pool of State-led private-equity investment: TN Treasurer David Lillard told an audience the fund is doing well. Chattanoogan.com had the story.

Tennessee alternative investments

We checked this week, and there's still no hire to report for director of private-equity or alternative investments at Tennessee Consolidated Retirement System, within the Treasurer's office, which will now be occupied by David Lillard, who succeeds Dale Sims, following the General Assembly's constitutionally mandated vote.