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.
Tennessee is projected to make strong revenue gains, but experts say there’s a catch
Economists are projecting that tax collections in Tennessee will continue to be strong, at least for the rest of this fiscal year. But they couched those optimistic projections, saying a lot is still unknown.
Tennessee Now $1.3 Billion Ahead Of Expectations On Tax Collections
Tennessee is bringing in tax dollars far faster than projected, and is now $1.3 billion ahead of expectations for the fiscal year that concludes at the end of June.
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.
After Stalemate Between House And Senate, The Tennessee General Assembly Settles On Deep Spending Cuts
In the midst of the coronavirus pandemic and its associated economic crisis, the Tennessee General Assembly passed a revised spending plan early Friday that implements deep cuts to save more than $1 billion.
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