TCSA Capitol Updates 2024

Capitol Update | April 26, 2024

Posted on 4/26/2024

Capitol Update | April 19, 2024

Posted on 4/19/2024

Capitol Update | April 12, 2024

Posted on 4/12/2024

Capitol Update | April 5, 2024

Posted on 4/5/2024


Capitol Update: April 19, 2024

Legislature Lurching Toward Adjournment

Capitol Hill observers often note that people who are unfamiliar with the legislature greatly underestimate the conflicts between the House and Senate. Those differences were evident this week as the General Assembly passed the state budget and worked to resolve a handful of major issues. The budget itself passed easily, but major disagreements remain on school vouchers, franchise and excise tax changes, the Comptroller’s reappraisal bill, and more. And while nowhere near as large a threat as a property tax cap, county associations also found themselves suddenly battling a property tax break intended to help preserve the agriculture industry in Tennessee.

State Budget Passes on Thursday

The budget itself was a rare issue where there was virtually no disagreement between the House and Senate (at least in public). It seemed to pass as smoothly as it has in many years. In part this may be because of less money to argue about. With revenues flattening, both chambers appeared committed to adding very little new recurring spending and making as few changes as possible to the Governor’s budget. Strangely, this included leaving the full funding in the governor’s budget for...

Click Here to Read This Week's Full Capitol Update from TCSA

Reminder: TCSA Legislative Conference Draft Agenda is Available


Just a reminder that the draft agenda for TCSA's Legislative Conference is available. TCSA is still working on the final agenda with full details, but in the meantime, you can view the draft agenda here. Also, there is still time to register for the conference. We look forward to seeing you all May 21-23, 2024 in Sevier County (Gatlinburg).

If you still need to book a room for the conference, you can do so at our current overflow hotel, Old Creek Lodge. The room rate is $129/ night. Please call their guest services at (865) - 430 - 7200 to reserve your room. 
View the Draft Agenda Here
Click Here to Register for the Conference

Join TCSA for a Legislative Recap Webinar NEXT THURSDAY, April 25

TCSA's April 2024 Third Thursday webinar has been RESCHEDULED to next Thursday, April 25, 2024

The webinar registration page on the TCSA website will include a Zoom link. Once you sign into the website and register for the event, you can access that meeting link. 

What: TCSA Legislative Review
When: Thursday, April 25, 2024; 1:00 PM CT
Where: Online via Zoom

Thank you again, and we look forward to seeing you Thursday!

Click Here to Register for the Webinar

March 2024 State Revenues Released

NASHVILLE – Department of Finance and Administration Commissioner Jim Bryson announced that Tennessee tax revenues exceeded budgeted estimates in March. Overall March revenues totaled $1.67 billion, which is $55.1 million, or 3.42 percent more than the state received in March of 2023 and $17.6 million more than the budgeted estimate for the month.

“March sales tax revenues, reflecting February consumer activity, recorded solid growth for the month,” Bryson said. “Most of the month’s tax growth came from retail activity, fuel consumption, and motor vehicle registration which boosted total tax collections and represented a slight rebound from last month’s depressed tax receipts. We will continue to monitor economic activity and revenue trends to ensure fiscal stability.”

Click Here to Read the Full Report from TN Dept. F&A

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