State Tax Revenues Continue to Exceed Expectations

Tennessee’s tax revenue collection figures for the month of May were released yesterday, putting another strong month of growth on the books for the state.  Overall, May revenues were $50.5 million more than the state budgeted. “May collections recorded significant gains in sales tax revenues as well as corporate tax payments… All other taxes, in … Continued

State Issues

Governor’s Budget Amendment Released: Salary Raises, Higher Ed Increase Foregone

Governor Bill Haslam released his budget amendment Tuesday morning, cutting $160 million from his FY14-15 budget proposal and an additional $150 million in the current fiscal year. The cuts, necessitated by an ongoing decline in state revenue collections, eliminate proposed new funding for higher education and pay raises for state employees.  State employees were originally … Continued

Higher Education Funding