How is Gov. Bill Lee dividing up state spending in his proposed budget?
Tennessee passes $52.8B budget as discussions linger on school choice and business taxes
State lawmakers agreed on a $52.8 billion budget Thursday. Of that, more than $1.5 billion could be put aside for businesses that are expected to request refunds under the state’s previous franchise tax rules, and a school choice bill.
Tennessee Funding Board approves smaller budget for the upcoming fiscal year
Tennessee officials approved a budget that’s a little lower than last year’s, citing a need to be cautious due to a slight decrease in revenue projections. However, some believe that dip is actually a sign of how well the state government has managed the budget throughout the pandemic.
Here are the major ways the 2023 Tennessee Legislature has impacted your life
Besides a $3.3 billion transportation plan that’ll bring toll lanes to the state, lawmakers spent a good amount of session focused on anti-LGBTQ legislation and picking apart Nashville’s government.
Sexton’s proposed task force to consider rejecting nearly $2B in federal education funds would be ‘stacked’ with politicians
Within a couple of years, Tennessee could start turning down nearly $2 billion annually in federal education funding. Under a proposal sponsored by House Speaker Cameron Sexton, a politically appointed task force would study whether that’s an option.
As a top Republican proposes rejecting $1.8B in federal funds, an education advocate asks how Tennessee will make up the difference
An education advocate questions whether passing up federal funding is a worthwhile fiscal move for Tennessee.
After pandemic gains, Tennessee’s funding board expects dramatic revenue growth to taper off
Tennessee has projected how much it expects its revenues to increase in the next couple of years. And in keeping with recent trends, they’re staying fairly conservative.
All eyes are on the school funding formula after Gov. Lee pledges $1B boost for schools
“Time and time again, we have heard the same message: we need a smarter, more transparent, accountable education funding formula, and the time is now,” Lee said during his annual State of the State address.
After major surplus year, Tennessee again opts for conservative budget projection
This fiscal year, Tennessee’s State Funding Board says it expects the state to receive around 7% more in tax revenue — an amount lower than economists predicted last week.
Explainer: How far does a $4B surplus really go for a state like Tennessee?
Tennessee officials have underestimated their tax revenues to the tune of $4 billion since August of 2020. And they’re poised to make another conservative projection Tuesday in the face of continued pandemic uncertainty. Here are a few ways to contextualize that enormous amount of money.
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