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Budgeting for Incarceration in Tennessee March 14, 2024 - The Tennessee Department of Correction spent about $907 million on incarceration in FY 2023, and our counties spent an estimated $554 million in FY 2022 to operate local jails.
2022 Census Data on Income & Poverty in Tennessee March 7, 2024 - Tennessee saw continued increases in income in 2022 while poverty rates held steady. Median household income in the state reached $65,200 last year, meaning half of households had less income and half had more.
2022 Census Data on Health Insurance Coverage in Tennessee March 7, 2024 - Between 2021 and 2022, Tennessee’s uninsured rate declined overall and across most demographic and socioeconomic characteristics.
2022 Census Data on Tennesseans’ Education Levels March 7, 2024 - An estimated 39% of Tennesseans age 25+ had at least an associate’s degree in 2022, and 31% had a bachelor’s or more — both higher than past years but lower than national rates.
The Budget in Brief: Summary of Gov. Lee’s FY 2025 Recommended Budget February 21, 2024 - Compared to current law, Gov. Lee’s budget reflects lower-than-expected tax collections and proposes new spending and tax cuts for FYs 2024-2025 — mostly funded by previously unallocated recurring revenues and a large FY 2023 surplus.
Tennessee Tax Revenue Tracker for FY 2024 February 16, 2024 - As of January 31, 2024, Tennessee had collected about 46% of the $22.7 billion in total budgeted revenue for the current fiscal year.