Latest News

Memphis has liabilities equaling $3,100 per taxpayer

Among the 75 most populous cities in the U.S., Memphis ranks 33rd for the state of its finances, having $3,100 in liabilities per taxpayer, according to a Truth in Accounting (TIA) analysis of municipal data released last month.

Outbound cigarette smuggling rate in Tennessee estimated at 2.8%

The outflow of smuggled cigarettes in Tennessee is 2.8 percent, according to a new study from the Tax Foundation that examines the relationship between cigarette taxes and smuggling.

Tennessee ranks 7th best in new economic outlook analysis

Tennessee finished seventh in a study by the website Rich States, Poor States that examined the 50 states’ economic outlooks based on 15 weighted policy measures.

Tennessee ranks 24th best on corporate tax study

Tennessee finished 24th in a study by the Tax Foundation examining how well states have structured their corporate income tax systems in 2020.

Tennessee among the 36 states with major tax changes in 2020

Tennessee was included in a new analysis from the Tax Foundation identifying 36 states that have major changes to their tax codes taking effect this year.

Tennessee job growth this year projected at 0.9%

Job growth in Tennessee is expected to reach 0.9 percent by the end of 2020, down from the state's 2019 job growth of 1.7 percent, according to a new study by Kiplinger that assessed state economic outlooks.

Tennessee has adequate funds to weather moderate recession

Tennessee would have adequate revenues to manage a moderate economic downturn without raising taxes or cutting services, according to a new analysis from Moody’s Analytics.

Tennessee ranks 18th in annual tax climate ranking

Tennessee finished 18th in a new study by the Tax Foundation showing which states are best at structuring their tax systems

College football coach is highest-paid public employee in Tennessee

Jeremy Pruitt, head football coach at the University of Tennessee, earned $3.85 million in 2018, making Pruitt the highest-paid public employee in Tennessee last year, according to a ranking by the website GOBankingRates.

Funding for arts agencies in Tennessee to reach $8 million in FY2020

Legislative appropriations for Tennessee arts agencies are projected to reach $8 million for fiscal year 2020, which equates to $1.18 per capita in the state, according to a report from the National Assembly of State Arts Agencies (NASAA).

Tennessee levies a total tax on lodging of 7%

Hotel room bills in Tennessee tack on a total state lodging tax of 7 percent, the lodging tax rate in the nation, according to a study by the National Conference of State Legislatures (NCSL).

12 counties in Tennessee are now 2nd Amendment sanctuaries

Twelve counties in the state are now under a Second Amendment sanctuary law or ordinance, according to updates from the website Gunrightswatch.com and media reports.

4,112 borrowers in Tennessee filed for student loan forgiveness in 2nd quarter

Borrowers in Tennessee who sought forgiveness of their student loans in the second quarter of 2019 numbered 4,112, according to a new state-by-state analysis by the U.S. Department of Education.

$599 million in federal research dollars flowed to Tennessee in FY 2018

Federal agency research dollars going to Tennessee totaled $599 million in fiscal year 2018, according to a new analysis by the Research!America alliance.

Tennessee received nearly $6.1 million in public broadcasting funds last year

The Corporation for Public Broadcasting allocated $6,079,097 in fiscal-year 2018 to support public television and radio in Tennessee, the 22nd highest amount among the 50 states and the District of Columbia, CPB reported.

Tennessee 2-year college students pay $4,560 in tuition and fees

Tennessee two-year colleges charged students $4,560 in tuition and fees during the 2018-19 academic year, the 30th lowest cost among 49 states examined, the College Board said in a new report.

9 U.S. House members from Tennessee make $174,000 annually

Each of the nine U.S. House of Representatives members representing Tennessee draws an annual salary of $174,000, according to the Congressional Research Service.

Metro Business Network