State Treasurer David Lillard Reelected

Wednesday, January 11, 2017
David H. Lillard, Jr.
David H. Lillard, Jr.

A Joint Convention of the 110th General Assembly on Wednesday reelected David H. Lillard, Jr. by acclamation to a fifth term as Tennessee state treasurer. The state treasurer is a constitutional officer elected by the General Assembly for a two-year term. In his official capacity, Treasurer Lillard oversees the Tennessee Treasury Department and its more than 270 employees. The Treasury Department internally manages over $55 billion in state and local government funds.

Treasurer Lillard has championed issues of financial literacy and strives daily find new ways to improve the financial lives of Tennesseans. Since first elected in 2009, he has worked with the Treasury Department to provide Tennesseans with financial tools needed to lead a better quality of life.
Among his first steps as treasurer, he worked with the General Assembly to create the Tennessee Financial Literacy Commission and the TNStars 529 College Savings Program. A top direct-sold college saving plan, TNStars has been nationally ranked for investment performance consistently since 2014. The Tennessee Financial Literacy Commission has worked to incorporate the nationally recognized Financial Fitness for Life curriculum into K-8 classrooms across the state. This has been achieved by training more than 3,500 Tennessee teachers, pilot programs with three Tennessee school systems and by offering an online interactive financial literacy game as a free resource.
 
Last year, Treasury opened ABLE TN, Tennessee’s own Achieving A Better Life Experience program, a new resource to help those with disabilities plan and save for the future. Tennessee is one of the first states in the nation to offer these savings accounts. In just seven months, more than 680 people have opened ABLE TN accounts, and have saved more than $2.4 million to help individuals with physical and/or mental disabilities pay for future qualified expenses.
 
Under Treasurer Lillard’s leadership, the Treasury Department proposed, and the 108th General Assembly enacted, reforms to the Tennessee Consolidated Retirement Systems (TCRS), the state defined benefit pension plan. These reforms created a hybrid plan with cost controls effective for state, higher education and K-12 teachers hired on or after July 1, 2014. The restructured plan has been recognized as an aggressive, innovative reform that substantially reduces the costs to the state while providing a sufficient and sustainable benefit for State and higher education employees, K-12 public school teachers and employees of electing local government entities. At the end of the FY16 fiscal year, TCRS was valued at more than $43.3 billion and recognized by major credit ratings agencies as one of the highest funded public employee defined benefit retirement systems in the nation.
 
“It has been an honor to serve our state as Treasurer for the last eight years. With the support of the General Assembly, the Treasury Department has been able to accomplish many great things for our state,” said Treasurer Lillard. “I am honored to serve a fifth term and grateful to the General Assembly for the opportunity to continue to serve Tennessee as a faithful steward of our state’s financial and human resources.”
 
Treasurer Lillard is an active advocate nationally on the importance of sound management on financial issues. He is the immediate past president of the National Association of State Treasurers (NAST) and was elected president of the National Association of State Auditors, Comptrollers and Treasurers (NASACT) in August 2016. Both of these organizations bring together officials responsible for the financial management of state governments from across America.




Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ARNOLD, TIFFANY RENEE  2521 DOLITTLE CHATTANOOGA, 37412  Age at Arrest: 30 years old Arresting Agency: Hamilton County DRIVING ON REVOKED LICENSE FINANCIAL RESPONSIBILITY --- BEAMON, DESHAYLA N  5502 ORLIN DRIVE CHATTANOOGA, 37411  Age at Arrest: 22 years old Arresting Agency: ... (click for more)

Hamilton County Emergency Management Gearing Up For Winter Storm

The Hamilton County Emergency Management Agency (HCEMA) continues to receive updates from the National Weather Service in Morristown, Tn., regarding the winter weather system that will sweep through the Chattanooga area Tuesday morning. As of  3:30 p.m.  Monday, here is the latest information provided from the National Weather Service: Impacts: ... (click for more)

Thank You, Dr. Martin Luther King, Jr.

Thank you, Dr. King for stepping-out.  Thank you for your lasting voice to what it's all about. Thank you, Dr. King for  stepping up and also showing-up, ...when decisions were being made and  your refusal  to shut-up.  We find your fingerprints on both directions and toward progress.  your modeling, mentoring,  and reactions helps ... (click for more)

Roy Exum: Vulgar Trump & More

Nothing rankles me more than seeing obscenities and vulgarity that appears in today’s liberal media, not to dare mention our public forum. Understand, I will use “damn” when no other word will fit as well. I’ll use “hell” as an exclamation point sometimes and I also may quote an aggressor in a story where he threatens to whip another’s “ass.” But our President reached an all-time ... (click for more)

Quarterback Dormady Will Transfer From Tennessee

Quinten Dormady, who was Tennessee’s starting quarterback until a shoulder injury sidelined him six games into the 2017 season, met with new Vols coach Jeremy Pruitt on Saturday to discuss the signal caller’s options. On Monday, Dormady, a junior quarterback from Boerne, Texas, announced that he would transfer from Tennessee. Dormady’s statement: “I would like to ... (click for more)

Balogun Powers Heights Past Mercer County In Music City Classic

ESPN’s second-ranked Hamilton Heights’ girls defeated No. 12 Mercer County, 51-37, Monday on the final day of the Music City Classic in Nashville, Tennessee. The Lady Hawks (17-2) had two players – Elizabeth Balogun and Treasure Hunt – combine for 35 points, almost outscoring the entire Lady Titans squad. Balogun had 20 points and 11 rebounds and Hunt finished with 15 points. ... (click for more)