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State Briefs

Finance and Administration

Tennessee earns GFOA’s Certificate of Achievement for Excellence in Financial Reporting

The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the state of Tennessee the prestigious Certificate of Achievement for Excellence in Financial Reporting for its Annual Comprehensive Financial Report for the fiscal year ending June 30, 2023. The...

Wheelchairs

More all-terrain wheelchairs now available at Tennessee State Parks

Tennessee State Parks have announced the availability of all-terrain wheelchairs at 10 state parks, bringing the total number of state parks with the service to 22. The new wheelchairs are the result of a collaboration between the parks system, the Tennessee Department of Disability and Aging, and...

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Tennessee college-going rate increases by 2.4%

The Tennessee Higher Education Commission (THEC) announced significant momentum in increasing the state’s college-going rate, highlighted by a 2.4% increase for the class of 2023 over the class of 2022.

The state’s 56.7% college-going rate for the class of 2023 represents the largest year-over-year...

Tennessee migration brings in more tax return income

Tennessee had the fifth-largest population increase and a net increase of $4.7 billion in adjusted gross income on individual tax returns between 2021 and 2022, according to the Internal Revenue Service (IRS). The net increase of nearly 60,600 residents – an increase of 0.87% - also led to an...

Tennessee records newest record-low unemployment rate

Tennessee’s state-wide unemployment rate reached a historic, new record-low in May. The Tennessee Department of Labor and Workforce Development (TDLWD) decreased to 3% in May, the lowest rate the state has recorded since the federal government began tracking data in 1976. The rate was a 0.1%...

Tennessee May revenues grow month-over-month, still $29.5M below estimates

Tennessee revenues for May totaled more than the state collected in May 2022 but less than the budgeted estimates.  

Finance and Administration Commissioner Jim Bryson reported that May tax revenues were $1.645 billion, which is $52.4 million more than May of last year, but $29.5 million less than...

Site Development

State awards $17 million as part of 15 site development grants

State site development grants have been awarded to 12 municipalities as part of 15 total grants recently awarded through TNECD’s Site Development Grant program.  

Bolivar, Columbia, Crossville, Huntingdon, Milan, and Union City each received funds for site development projects. Joint grants were also...

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Vanderbilt, ORNL to partner on AI national security project

Vanderbilt University and Oak Ridge National Laboratory (ORNL) have announced a partner to develop training, testing and evaluation methods that will accelerate the Department of Defense’s adoption of AI-based system in operational environments. As artificial intelligence becomes an important asset...

Diapers

Tennessee lauded for first-in-nation program to provide diapers to low-income families

Tennessee has become the first state in the nation to offer free diapers through its state Medicaid program. Beginning in August, TennCare and CoverKids will cover the cost of 100 diapers per month for children under two enrolled in the programs. A statement from TennCare noted that the new...

Bike Tennessee

Tennessee Tourism launches statewide road cycling program

The Tennessee Department of Tourist Development (TDTD) is inviting cyclists to experience Tennessee on 52 new curated road cycling routes that wind their way through the state’s picturesque landscapes. 

The new program, Bike Tennessee, launched today at BikeTN.com and allows cyclists to engage with...

Tennessee April revenues $74.2M less than budgeted

Tennessee’s April revenues were less than budgeted.  

Tennessee Department of Finance and Administration Commissioner Jim Bryson said April state revenues were $3.039 billion, which is 0.45% less than April 2023 and $74.2 million less than the budgeted estimate. 

"Total revenues for April were similar...

Tennessee April 2024 unemployment returns to record-low rate

Tennessee has tied its all-time lowest unemployment in the month of April with 3.1%. New data from the Department of Labor and Workforce Development (TDLWD) found the state’s April 2024 data is the same record low as it was from April through June 2023. The state reported a growth of 5,100 nonfarm...