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.
Tennessee expects a billion dollar surplus this year. Here’s why it’s happening and why it matters.
Tennessee expects to end this year with about a billion dollars more in revenue than it budgeted. State officials say that’s a good thing, but some argue it would be better invested expanding services for struggling Tennesseans.
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 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.
Tennessee Economists Project No Big Declines In Tax Revenue Next Year
Economists from around Tennessee presented an array of projections Wednesday to the State Funding Board, estimating how tax revenues will change over the next couple of years.
TN Finance Chief Sides with Sunny Revenue Outlook
Despite slowing tax collections in recent months, the state’s top finance official is using rosy projections to put together next year’s budget.
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