For months, local groups have encouraged Metro to offset the burden of a higher sales tax by eliminating the grocery sales tax.
Nashville’s proposed transit sales tax could burden low-income residents. Here’s how the city would try to offset the impact.
Nashville’s transit referendum proposes increasing one tax — the sales tax — to pay for a more robust transportation network. But, given the regressive nature of the sales tax, the choice has raised some equity concerns.
NashVillager Podcast: Sales tax primer
Why does the sales tax vary so much in Tennessee? Plus your local newscast for April 30, 2024.
Tennessee Economists See Signs Of A Recovery, But Still Urge Caution
The state is expecting the economy to improve next year, but the pandemic is making the outlook complicated. There are many promising signs in Tennessee, but officials say they want to be cautious.
Tennessee Will Craft State Budget On Expectation Of Some Revenue Growth
Tennessee is betting on growth next year: not a lot, but not quite as modest as some projections. The State Funding Board predicts tax revenues will increase by about 1% in the next fiscal year, and between 2.5% and 3% the year after that.
Tennesseans Aren’t Spending Like They Used To, And Sales Taxes Are Suffering
This week, budget hearings begin at the Tennessee state capitol. They come at a time when it appears economists overshot how much tax revenue would come in to fund state government.
Haslam Goes to Congress for Online Taxing Authority
Tennessee Governor Bill Haslam defended his record on taxes before a Congressional committee Tuesday. He’s trying to convince lawmakers in Washington that states need more power to collect sales taxes from Internet retailers.
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