Reading about Tennessee's dwindling unemployment compensation fund led me to wonder whether the fund had lost any money in the downturn through bad investments.

I didn't find out the investment performance but did discover other things. One document, available behind a disclaimer on the tn.gov web site, is packed with some alarming numbers.

Does our level of debt service seem too high? Does anyone else think our "reserve for revenue fluctuations" should be higher than 5% of one year's revenue? Why isn't the 5%/year allowed to accumulate during the good years so we can have a higher reserve for the bad stretches? This report raises these and many more questions.

If anyone finds a report about Tennessee's investment losses, if any, from the downturn, please let us know? :)

-- OneTahiti