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Treasurer David Lillard’s budget approved; office presses for EMIF funding, more unclaimed‑property staff and Ares retirement system replacement

2389753 · February 25, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Senate Finance, Ways and Means Committee approved the Tennessee Treasury Department’s FY 2026 budget in an 11‑0 roll‑call vote after Treasurer David Lillard outlined technology projects, unclaimed‑property workload and funding shortfalls in the electronic monitoring program.

The Senate Finance, Ways and Means Committee approved the Tennessee Treasury Department’s FY 2026 budget in an 11‑0 roll‑call vote after Treasurer David Lillard and senior staff outlined technology modernization, unclaimed property workload and funding gaps in the electronic monitoring program.

“I’m David Lillard, Tennessee state treasurer,” Lillard told the committee as he introduced the department’s request and the staff who would answer questions, including Deputy Treasurer Rick DeBray and accounting director Brian Derrick. The governor’s proposal included the department’s cost increases and transfers tied to recently passed…

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