The State Funding Board projected today that Tennessee’s general fund revenues could end up to $162 million more than originally expected in the current budget year.
The panel predicted growth in both the current spending year and the one beginning July 1, but the state still faces deep cuts because most stimulus money will no longer be available.
Depending on actual tax collections this year, the panel predicted general fund collections could grow between $247 million and $353 million in the upcoming budget year. That’s a growth rate of between 2.9 percent and 3.65 percent.
… it’s probably here somewhere
Daryl Phillips, CEcD, EDFP
I work as an economic developer consulting with communities and companies developing locations, building communities and identifying and developing workforce. However, my opinions on this blog are free and my own, as is the blog itself.
I am a member of International Economic Development Council, Southern Economic Development Council, Tennessee Economic Development Council and International Council of Shopping Centers.
I have earned over 20 years experience in economic and workforce development. I have earned and maintain the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC), the Economic Development Finance Professional (EDFP) certification from National Development Council. I have earned a Master of Business Administration from Tennessee Technological University.
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