Most Knoxville voters appear to prefer the city keep its money in the rainy day fund rather than spend it—or even reduce taxes.
Former state Sen. Bill Owen, considering a bid for City Council, sent out a survey to potential voters about city goals, development, and services. One of the questions noted that the city has a surplus in the rainy day fund and asks if residents would prefer keeping it there, fund a small decrease in property taxes or improve roads and expand services.
Owen says 80 percent of those responding preferred to keep the surplus in the rainy day fund.
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