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State Briefs

Tennessee June revenues more than $283M over estimates

Tennessee Department of Finance and Administration Commissioner Jim Bryson announced that revenues for June were $2.3 billion, which is $283.3 million more than the budgeted monthly revenue estimate.  

State tax revenues were $38.7 million more than June 2022 and the overall growth rate was 1.74%. ...

Tennessee

Tennessee ranks third in CNBC's Best States for Business

Tennessee was ranked third in CNBC’s recent poll of America’s Top States for Business. Tennessee rose from sixth place last year, and moved up in rankings for workforce, infrastructure, cost of doing business, technology and innovation, business friendliness, education, and access to capital...

Gov. Lee announces new council to support service members, veterans

Tennessee Governor Bill Lee signed an executive order to position Tennessee to lead the nation as the best state for service members, veterans and their families to thrive.  

 Executive Order 102 reconstitutes an existing council as Tri-Stars and Stripes: The Governor’s Council for Service Members...

standardized testing

TCAP data shows gains since pandemic, despite proficiency gaps

The Tennessee Department of Education released the 2022-23 Tennessee Comprehensive Assessment Program (TCAP) state-level results, demonstrating increases in academic proficiency for students across all tested subjects and grades. These statewide results include both Spring 2023 and Fall 2022 end-of...

Adamsville North Industrial Park

TNECD announces four cities to receive site development grants

Four municipalities are sharing in nearly $6 million in site development grants awarded by the state of Tennessee to 10 entities.  

The grants, totaling approximately $5.9 million, are designed to help communities invest in infrastructure and engineering improvements to land economic development...

TN Distressed counties

Tennessee has fewest distressed counties in state history

Tennessee Gov. Bill Lee announced that the number of distressed counties in the state has reduced to eight, the fewest in Tennessee history, marking a significant milestone in the Lee administration’s mission to accelerate the transformation of rural Tennessee.

“In 2019, we began an administration...

internet for all

Tennessee to receive more than $813M in federal internet access funds

Tennessee will receive more than $813 million dollars for affordable, high-speed internet projects as part of $42.25 billion announced by the Broadband Equity, Access, and Deployment (BEAD) program. The Department of Commerce’s National Telecommunications and Information Administration (NTIA)...

Tennessee May revenues more than $117M above estimates

Tennessee Department of Finance and Administration Commissioner Jim Bryson today announced that revenues for May were $1.6 billion, which is $117.3 million more than the budgeted monthly revenue estimate.

“May revenues exceeded the budgeted monthly estimate, and sales tax collections, fuel taxes...

TDEC ARPA funds

TDEC: 90 municipalities to share in nearly $300M in ARP water infrastructure grants

Nearly $300M in ARP drinking water, wastewater, and stormwater will be divided among 90 municipalities as part of 131 grants recently announced by TDEC. 

Of the cities and towns that received grants, 11 municipalities received collaborative grants to work with other entities for projects while 79...

Tennessee college students

Tennessee college-going rate

The Tennessee Higher Education Commission (THEC) is thrilled to announce the release of the college-going rate for the Class of 2022. The data for the Class of 2022 showcases a one and a half percentage point increase over the class of 2021, for a statewide college-going rate of 54.3%. This...

May unemployment rate

Tennessee May unemployment rate holds steady

Tennessee’s statewide unemployment rate held steady at 3.3% in May, according to newly released data from the Department of Labor and Workforce Development (TDLWD). That number is unchanged from the state’s unemployment rate in April.

While the seasonally adjusted unemployment rate did not change...

Opioid settlement

Tennessee to receive $419 million in latest opioid settlement

Attorney General Jonathan Skrmetti has announced Tennessee will receive an expected $419 million as part of a $17.3 billion opioid settlement made with drugmakers Teva and Allergan and pharmacies CVS and Walgreens.  

Following successful state sign-on and subdivision sign-on periods, the defendants...