If there was ever an entity rightfully named, “The Little Engine That Could,” it has to be the Rosenwald Recreation Community Center, located in the Tillman Street area in Shelbyville.
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By Dawn Hankins, dawn@richardsonmediagroup.net
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10/4/24
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Kristy Kelley was born and raised, and schooled, right here in Bedford County. She was recently recognized by Gov. Bill Lee at a luncheon and awarded the Governors Service in Excellence Award.
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10/3/24
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U.S. Department of Commerce Invests $5.3 Million for Building
Renovations to Support Workforce Development in Tennessee
BCUD will receive $3.1 million for water infrastructure improvements
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9/30/24
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MURFREESBORO, Tenn. — With continued rising home prices and an emerging trend of fewer closings in some areas of the state during the second quarter of the year, Tennessee’s housing market presents mixed signals heading into the fall, according to the latest statewide report from Middle Tennessee State University.
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9/27/24
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NASHVILLE – The Tennessee Consolidated Retirement System wrapped up the 2024 fiscal year with a 10.06% investment return, well exceeding the plan’s 6.75% assumed rate of return.
The annual earnings represent over $6.2 billion in new investment income added to the portfolio in a single year. The TCRS portfolio value stood at $69.4 billion, as of June 30, 2024.
TCRS paid $3.28 billion in benefits in FY24 to 161,993 retirees across the state, 92% of whom remain in Tennessee. The retirement benefits paid by TCRS have an economic impact in all 95 counties.
“Our plan’s success is a combination of sound financial management and the support of our Governor and General Assembly, which consistently ensures the plan is fully funded every year,” said State Treasurer David H. Lillard, Jr. “The Tennessee Department of Treasury strives to be good stewards of the state’s financial resources. This $6.2 billion in investment income is evidence of our commitment to both active and retired members of the TCRS pension plan.”
For every $100 paid today in retirement benefits, $68 comes from investment earnings. Tennessee Treasury Investments Division, led by Chief Investment Officer Michael Brakebill, manages the majority of assets for TCRS internally, helping to save significantly on investment costs by using an in-house staff of investment professionals with extensive education, professional training, and certifications. This team includes members with substantial institutional investor experience in both the public and private sectors. The TCRS portfolio is structured to be a naturally conservative fund and is widely diversified to minimize risk.
“The 2024 performance for TCRS was very satisfying in an oddly challenging marketplace,” Mr. Brakebill said. “Our broadly diversified investment portfolio was able to capture significant benefits from this extraordinary period while still maintaining substantial risk control.”
Last year, Tennessee was ranked the No. 1 lowest total unfunded pension liabilities per capita in a 2023 report by the Center for State Fiscal Reform, part of the American Legislative Exchange Council. The report examined the burden of all 50 state pensions’ unfunded liabilities on every man, woman, and child in their respective state. Tennessee’s well-funded pension plan provides a monthly retirement benefit to retirees across the state without liability on its citizens.
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9/27/24
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Brewery of Books held a soft opening this week at its Lane Parkway location.
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9/26/24
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After months, Council finally votes no on the rezoning of the Barksdale Lane area.
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By Dawn Hankins
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9/13/24
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Vanderbilt Hospital has been awarded 4 stars out of 5 for quality care from Centers for Medicare and Medicaid Services.
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Staff Report
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9/12/24
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Crawl, Walk, Run Job and Resource Fair planned Saturday on historic public square
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By Dawn Hankins
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9/12/24
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This is the second part of a feature on the validity of the County's '81 Financial Mangement Act. Part I ran in Thursday's Times-Gazette
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8/30/24
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Shop local everyday but especially during the horse show season. Support our local merchants.
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8/22/24
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The Times-Gazette proudly salutes the past, present and future TWHNC. Pick up a copy of your local paper this week at stores all over town and at the T-G office, 411 Elm St. Office hours are Monday, Tuesday, Wednesday, 8 a.m. to 4 p.m. Thursdays from 8 to 11 a.m. and closed Fridays. Online subscriptions available at t-g.com
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Submitted Photo
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8/22/24
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TDEC approves funding for H.V. Griffin Park soccer field expansion
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By DAWN HANKINS
dawn@richardsonmediagroup.net
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8/15/24
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Cooper Steel, a family-run company specializing in steel fabrication and erection, has secured $40.7 million in New Markets Tax Credit (NMTC) financing from four lenders to support its expansion project in Shelbyville.
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8/8/24
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Bedford County Recycling Centers will be making some changes to the acceptance of recyclable materials, effective Friday, Aug. 9.
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8/8/24
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Grieving Through Grace is a new book by Jamie Dickerson of Bell Buckle and has been released by Dorrance Publishing Co., Inc.
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8/5/24
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On Wednesday, July 31, Bedford County Health Council held a Red Sand Project event on the historic Bedford County Courthouse grounds on the square. Bedford County Mayor Chad Graham presented a proclamation recognizing July 28-August 3 as Human Trafficking Awareness Week.
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8/1/24
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The Rover community is actively participating in County meetings regarding a potential rezoning of the former Carlton General Store property. See full story in the 8-1 issue of the T-G.
Call 931-684-1200 for an online and or print subscription.
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8/1/24
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The 118th annual Wartrace Horse Show kicks off 6 p.m. Saturday at Jernigan Field.
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8/1/24
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