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 readingThe Budget in Brief: Summary of Gov. Lee’s FY 2022 Recommended Budget
The plan reflects much higher-than-expected revenues and directs the largest amounts to capital improvements/maintenance, structural balance, and economic development.
Continue readingTennessee May Have an Extra $3 Billion to Budget this Year
Tennessee collected far more tax revenue than expected over the last year, leaving Gov. Lee and state lawmakers with a lot of money to allocate.
Continue readingFederal Coronavirus Funding for Tennessee
Tennessee will get over $25 billion in federal aid, including $8 billion to state government. Much of the relief has already occurred or will soon expire.
Continue readingSummary of the Final FY 2021 Budget
Facing an expected $1.5 billion revenue shortfall over two years, Gov. Lee and state lawmakers turned to nearly every available tool to balance the budget.
Continue readingHow Big Is Tennessee’s Revenue Drop Going to Be?
Four economists gave their best estimates of how the coronavirus pandemic will affect state tax revenue in the current and next fiscal years.
Continue readingWhat Will the Coronavirus Recession Mean for Tennessee’s Budget?
The pandemic has serious health and economic effects, yet Tennessee still has to balance its budget. These are the challenges policymakers face and the tools they have right now.
Continue readingSummary of the FY 2021 Preliminary Budget
With pandemic here and recession near, lawmakers passed a preliminary FY 2021 budget that trims $854 million from Gov. Lee’s first draft.
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