The FY 2024 budget amendment adds $501 million — or 1.7% — in net new spending from state revenues.
Continue readingWhat’s in Gov. Lee’s 2023 Transportation Modernization Act
Gov. Bill Lee released his $55.6 billion recommendation for the state’s FY 2024 Budget — along with recommended changes for FY 2023.
Continue readingThe Budget in Brief: Summary of Gov. Lee’s FY 2024 Recommended Budget
The FY 2024 recommended budget includes unprecedented spending levels fueled by multiple years of significantly better-than-expected state revenue collections.
Continue readingVideo: Sycamore Presents Before the Senate Finance, Ways & Means Committee
Sycamore presents on topics like inflation, gas taxes, and the rainy day fund before the Senate Finance, Ways & Means Committee.
Continue readingHow Inflation Affects Tennessee’s State & Local Governments
Inflation raises operating costs at every level of government, but Tennessee’s reliance on sales tax means state revenues may keep up with inflation better than those of local governments.
Continue readingSummary of Gov. Lee’s FY 2023 Amended Budget
The governor amended his FY 2023 budget proposal with $260 million in new spending and net revenue changes from surplus and tax cuts.
Continue readingTennessee’s Budget in Brief: Summary of Gov. Lee’s FY 2023 Recommended Budget
The proposal includes unprecedented new spending levels fueled by multiple years of significantly better-than-expected state revenue collections.
Continue readingTennessee May Have an Extra $3 Billion to Budget Next Year
Even after the Ford deal, Gov. Lee and Tennessee lawmakers may still have at least $3 billion in unallocated funds to appropriate next year.
Continue readingSummary of Gov. Lee’s FY 2022 Amended Budget
The governor amended his FY 2022 budget proposal with $73 million in net new spending and $325 million in off-budget allocations.
Continue readingWhat and How Much Will Tennessee Get from the American Rescue Plan
The new federal law could bring $20-30 billion into Tennessee, including $6.3 billion in flexible funds for state and local governments.
Continue reading