"It is going to be a very difficult budget year. These next few months will be the most difficult of my time as governor.
We have the combination of the cuts that were made last year, then were sort of backfilled with (federal) stimulus money. And then on top of that you’ve got the cuts because the revenues have continued to go down. We are in 17 or 18 months now of declining revenues. It’s been something that hasn’t happened in this state since the Great Depression.
It’s going to be very tough and I’m committed to doing what I said I was going to do in the beginning, which is do everything in my power to trim our expenses so we don’t get ourselves out on a limb. We’re tracking the revenues.
That’s what every family right now has got to do. I think the state has to do the same thing."
Gov. Phil Bredesen, Memphis Daily News interview