Owen Survey Shows Voters Want Knoxville to Keep its Rainy Day Funds

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.