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.
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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