TENNESSEE | TN-gov

Black to Step Down as Budget Chairman

Randy Boyd disclosed his last two years of income.

Jan. 2, 2018, 10:45 a.m.

Rep. Diane Black (R) announced last week she would step down as budget chairman to focus on her campaign for governor once a replacement is decided. (release)

DISCLOSURE. Former state economic commissioner Randy Boyd (R) “and his wife had $30.1 million in taxable income in the last two years, according to federal income tax returns. … Just last year, Boyd and his wife Jenny had $25.3 million in total income and $17.2 million in taxable income. In 2015, their total income was $17.1 million, with $12.9 million as taxable income. … They also made nearly $10.3 million in charitable contributions, donating to more than 100 organizations during the same time period.”

“While Boyd did not provide his tax returns or a summary statement for 2013 and 2014, he released copies of his 1040s from 2015 and 2016. He vowed to continue to release his taxes should he be elected the state’s next governor. … Boyd also vowed to forgo a state salary and pay for his own expenses if he becomes governor.”

“Boyd owns a multitude of businesses, including Radio Systems Corp., a company that owns several brands including Invisible Fence; two minor league baseball teams; and a Knoxville-based Scottish-themed bar. Radio Systems Corp. alone employs more than 700 employees and has annual revenues in excess of $400 million.” (Nashville Tennessean)

THE OTHER GUYS. “One is a Nashville comedian, another is a former adult bookstore owner, and one is a real estate agent and longtime campaign volunteer. Among the lesser-known candidates running to be Tennessee’s next governor, all are aware of their long shot for victory, but each hope to contribute their voice to a race they say is likely to forget the average Tennessean.” (Nashville Tennessean)

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