For the past eight years, Tennessee has seen an ever-increasing state budget, with surpluses often in the billions of dollars. The growing pot of money has allowed Gov. Bill Lee and state lawmakers to use the extra cash for large-scale infrastructure projects, to cut taxes and expand the state’s private school voucher program. But with […]
Tennessee’s next governor will enter office with a $1.2 billion surplus, after the state finalized the books on its most recent fiscal year. State Finance and Administration Commissioner Jim Bryson said in a news release that the surplus was partly driven by inflation and higher-than-expected corporate tax collections. “It’s important to remain cautious,” Bryson said. […]
Tennessee taxpayers are paying about $1,961 each to fund the Trump administration’s mass deportation policies, according to an analysis of the federal budget released by the Economic Policy Institute. The think tank developed an online tool that calculates the average taxpayer’s share of the estimated $268.9 billion cost of deportations through the end of President […]
A fiber optic cable manufacturing plant in Jackson says it will create 100 new jobs as part of a $100 million expansion, company and state officials announced Wednesday. Prysmian, an Italian company with more than 50 locations in North America, opened in Jackson in 2018 after acquiring General Cable. This marks Prysmian’s second expansion in […]
Nearly five years after Ford Motor Company announced a massive electric vehicle and battery manufacturing campus poised to change the economic landscape of rural West Tennessee, the plant has yet to start production. The project’s initial roadmap had production starting in 2025, but a series of delays, changed plans and the dissolution of Ford’s joint […]
