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 […]
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: 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 […]
Image: The Tennessee Legislature meets for the start of its 2024 legislative session on January 9, 2024 in Nashville, Tenn. Image Credit: John Partipilo By Adam Friedman [Tennessee Lookout -CC BY-NC-ND 4.0] – Following A Massive Rise In Tax Revenues Over The Past Four Years, Tennessee’s Budget Outlook Is Not As Rosy Going Forward, But On […]
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