Bailey elected to serve on Fiscal Review Committee of legislature
Posted By Kim Swindell Wood | December 4, 2018 6:17 am
State Senator Paul Bailey (R-Sparta) was elected today by his Senate Majority Caucus colleagues to serve on the Tennessee General Assembly’s prestigious Joint Fiscal Review Committee. The Fiscal Review Committee serves as the state’s “watchdog” on all state budgetary matters.
The committee consists of 16 of the state’s 133 lawmakers. The Republican and Democrat Caucuses elect nominees who must be approved by the full Senate or House of Representatives when they meet in January. The elected members of the Senate serve on the committee for their full term of office.
“I am honored that my colleagues have elected me to serve on the Fiscal Review Committee,” said Bailey. “The citizens of this state need to know that we are closely monitoring how their tax dollars are spent and that our state government is operating in the most cost efficient manner.”
The Fiscal Review Committee conducts a continuing review of the financial operations of state government. This includes oversight of state contracts. The committee is also is responsible for preparing and distributing the General Assembly’s fiscal notes that show how proposed legislation would impact state and local governments financially.
The General Assembly is scheduled to open the 2019 organization session on Jan. 8.