Tennessee Governor Phil Bredesen Will Deliver The State Of The State Address In Nashville Tonight. The State Is Expected To Be Nearly A Billion Dollars In The Hole, And Governor Bredesen Will Give Lawmakers An Idea Of Just How Bad The Situation Is During Tonight’s Address. Currently, The State Has 533 Million Dollars Is In The Rainy Day Fund, And 342 Million Dollars In Tenncare Reserves. Bredesen Has Said Cuts In Tenncare Services And Layoffs Of State Workers Could Be Needed To Bridge Tennessee’s Budget Gap. The Democratic Governor Has Also Said He’s Not Going To Fight As Hard As In Previous Years To Keep The State’s $875 Million In Cash Reserves Intact