Image Credit: American Legislative Exchange Council The Center Square [By Jon Styf] – Tennessee ranks 12th in the new economic outlook rankings from the American Legislative Exchange Council. The annual rankings from ALEC – an organization favoring limited government, free markets and federalism – rank states on 15 state policy categories including gross domestic product, […]
Image Credit: Canva The Center Square [By Jon Styf] – Tennessee collected nearly $7 million in taxes on more than $380 million worth of sports wagers placed in the state in February. That compares to nearly $6.4 million in taxes on $327 million in wagers in February 2023, which included one less day than February […]
Image Credit: Canva The Center Square [By Jon Styf] – Tennessee missed its budgeted estimates for tax collections by nearly $60 million in February. The $1.3 billion was slightly less than February 2023. Through seven months of the fiscal year, the state is now $437.6 million less than the budgeted estimates. The January totals were […]
Image Credit: Canva The Center Square [By Jon Styf] – Tennessee’s January tax collections were $98 million less than budgeted but up $15.8 million from 2023. That puts the state $378 million behind its budgeted total for the first half of the fiscal year and $104 million short of collections from the first six months […]
Image Credit: Canva The Center Square [By Jon Styf] – A proposal aimed at helping low-income students complete their degrees through the Tennessee Promise scholarship program will soon be heard in the Tennessee Legislature. Rep. Mark White, R-Memphis, explained that a bill that would direct 5% of taxes collected from sports gambling in the state […]
Image Credit: Canva The Center Square [By Jon Styf] – Tennessee saw $467 million in gross wagers and $8.6 million in privilege tax paid in January, making it the third highest amount of wagers the state has seen since betting began in November 2020. The gross wager numbers only trail November and December 2023. Wagers […]
Lawmakers wary of cost for sending students to private schools. Photo: Gov. Bill Lee with Arkansas Gov. Sarah Huckabee Sanders in Nashville on Nov. 28, 2023, for Lee’s announcement he will push to provide private school vouchers statewide. Photo Credit: John Partipilo By Sam Stockard [Tennessee Lookout -CC BY-NC-ND 4.0] – Facing a $610 million […]
Could a tax credit system solve the franchise taxes commerce clause debate while limiting the amount of revenue the state loses? Photo: Gov. Bill Lee, front, flanked by House Speaker Cameron Sexton, left, and Lt. Gov. Randy McNally, right. Photo Credit: John Partipilo By Adam Friedman [Tennessee Lookout -CC BY-NC-ND 4.0] – As Tennessee faces a […]
Image Credit: @SenBoWatson / X The Center Square [By Jon Styf] – Tennessee’s Senate Finance Chair Bo Watson said budget adjustments will be made because the state is $280 million behind its budgeted estimates on tax collections through the first five months of the fiscal year. “TN General Fund revenues for December underperformed as compared […]
Image Credit: Tennessee Department of Finance and Administration / Facebook The Center Square [By Jon Styf] – Tennessee has now collected $279.9 million less than budgeted through the first five months of the fiscal year. December’s $1.9 billion in collections were $82.5 million less than budgeted In numbers released Friday afternoon. The December collections were […]
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