Tennessee Fiscal Statistics

StatisNostics/State Financials/Tennessee

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20122024

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State Revenue Analysis (Tennessee: 2012–2024)

Population: 6,455,177 → 7,051,339 (9.2% change)

Overall Revenue Trends

Total Revenue▲ 82.4%

$27,268,545,000 (2012)→$49,748,391,000 (2024)

Per Capita Revenue▲ 67%

$4,224 (2012)→$7,055 (2024)

Fund Balances▼ 100%

$11,523,700,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 6.0%

Major Tax Revenue

Sales Tax▲ 137.3%

$5,933,356,000 (2012)→$14,080,043,000 (2024)

Utility Revenue

Water Utilities▼ 100%

$5,000 (2012)→$0 (2024)

Solid Waste Charges▲ 17.8%

$1,791,000 (2012)→$2,109,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Sale of Property▲ 566.8%

$1,276,000→$8,508,000

Education Other State Charges Not Elsewhere Classified▲ 368.0%

$29,093,000→$136,162,000

Federal Intergovernmental Other Natural Resources▲ 367.3%

$76,835,000→$359,022,000

Declining/Slowest Growing Sources

Death & Gift Tax▼ 100.0%

$149,344,000→$7,000

Housing & Community Development Charges▼ 99.7%

$2,800,000→$9,000

Individual Income Tax▼ 98.8%

$182,251,000→$2,123,000

Revenue Forecast

Projected Revenue (Next Year)▲ 4.2%

Estimated: $51,816,362,021

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare23.6%

Total General Sales Taxes21.8%

Federal Intergovernmental Education6.3%

Higher Education Tuition Charges4.3%

Corporation Net Income Tax4.1%

Federal Intergovernmental Highways3.7%

Motor Fuels Sales Tax3.1%

Miscellaneous General Revenue Not Elsewhere Classified3.0%

Unemployment - Contribution2.8%

Corporation License Tax2.7%

Federal Intergovernmental Health & Hospitals2.6%

Insurance Premium Tax2.3%

Other Selective Sales Taxes2.0%

Federal Intergovernmental Other2.0%

Net Lottery Revenue1.3%

Federal Intergovernmental General Support1.2%

All Other Not Elsewhere Classified Charges1.2%

Donations From Private Sources1.2%

Interest Earnings1.1%

Higher Education Auxiliary Charges1.1%

Occupation & Business License Not Elsewhere Classified1.1%

Tobacco Sales Tax1.0%

Motor Vehicle License1.0%

Federal Intergovernmental Housing & Community Development0.9%

Individual Income Tax0.7%

Death & Gift Tax0.5%

Documentary & Stock Transfer Tax0.5%

Alcoholic Beverage Sales Tax0.5%

Federal Intergovernmental Other Natural Resources0.3%

Federal Intergovernmental Employment Security Administration0.3%

Federal Intergovernmental Sewerage0.2%

Motor Vehicle Operators License0.2%

Fines & Forfeits0.2%

Parks & Recreation Charges0.1%

Hunting & Fishing License0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Hospital Charges0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Local Intergovernmental Highways0.1%

Local Intergovernmental Public Welfare0.1%

Local Intergovernmental Education0.1%

Taxes Not Elsewhere Classified0.1%

Federal Intergovernmental Water Utilities0.1%

Federal Intergovernmental Air Transportation0.1%

Local Intergovernmental Other0.0%

Unemployment - Interest Revenue0.0%

Public Utilities Tax0.0%

Federal Intergovernmental Transit Utilities0.0%

Other License Tax0.0%

Public Utility License Tax0.0%

Housing & Community Development Charges0.0%

Severance Tax0.0%

Solid Waste Charges0.0%

Local Intergovernmental Health & Hospitals0.0%

Alcoholic Beverage License Tax0.0%

Sale of Property0.0%

Rents0.0%

Regular Highway Charges0.0%

Amusement License Tax0.0%

Toll Highway Charges0.0%

Water Utilities Revenue0.0%

2024 Revenue Breakdown

Total General Sales Taxes28.3%

Federal Intergovernmental Public Welfare24.4%

Corporation Net Income Tax6.1%

Federal Intergovernmental Health & Hospitals5.3%

Federal Intergovernmental Education3.5%

Corporation License Tax3.0%

Insurance Premium Tax2.9%

Higher Education Tuition Charges2.8%

Motor Fuels Sales Tax2.6%

Federal Intergovernmental Highways2.5%

Federal Intergovernmental Other1.8%

Interest Earnings1.6%

Other Selective Sales Taxes1.5%

All Other Not Elsewhere Classified Charges1.4%

Net Lottery Revenue1.4%

Miscellaneous General Revenue Not Elsewhere Classified1.2%

Occupation & Business License Not Elsewhere Classified1.1%

Federal Intergovernmental Housing & Community Development1.1%

Higher Education Auxiliary Charges1.0%

Motor Vehicle License0.8%

Federal Intergovernmental General Support0.8%

Federal Intergovernmental Other Natural Resources0.7%

Documentary & Stock Transfer Tax0.7%

Alcoholic Beverage Sales Tax0.7%

Unemployment - Contribution0.5%

Donations From Private Sources0.5%

Tobacco Sales Tax0.4%

Education Other State Charges Not Elsewhere Classified0.3%

Federal Intergovernmental Employment Security Administration0.2%

Parks & Recreation Charges0.1%

Hunting & Fishing License0.1%

Federal Intergovernmental Sewerage0.1%

Motor Vehicle Operators License0.1%

Local Intergovernmental Highways0.1%

Local Intergovernmental Education0.1%

Fines & Forfeits0.1%

Unemployment - Interest Revenue0.1%

Taxes Not Elsewhere Classified0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Federal Intergovernmental Air Transportation0.1%

Hospital Charges0.0%

Local Intergovernmental Public Welfare0.0%

Local Intergovernmental Other0.0%

Public Utilities Tax0.0%

Other License Tax0.0%

Sale of Property0.0%

Public Utility License Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

Individual Income Tax0.0%

Solid Waste Charges0.0%

Alcoholic Beverage License Tax0.0%

Sewerage Charges0.0%

Severance Tax0.0%

Amusement License Tax0.0%

Rents0.0%

Regular Highway Charges0.0%

Toll Highway Charges0.0%

Housing & Community Development Charges0.0%

Death & Gift Tax0.0%

Key Insights

1Total revenue increased by 82.4% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 9.2%, while per-capita revenue changed by 67.0%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Tennessee: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 241%

$9,130,792,000→$31,151,696,000

Per Capita Spending▲ 212%

$1,414→$4,418

Population Trends

Population Change▲ 9.2%

6,455,177 (2012)→7,051,339 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 159%

$168,721,000 (2012)→$436,572,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 86%

$446,684,000 (2012)→$832,917,000 (2024)

Sewerage Operations▲ 46%

$960,000 (2012)→$1,400,000 (2024)

Administrative Expenses

Financial Administration▲ 174%

$382,701,000 (2012)→$1,048,239,000 (2024)

General Expenses▲ 48%

$571,121,000 (2012)→$847,315,000 (2024)

Tennessee Key Insights

1Police protection spending increased by 159%, significantly outpacing population growth of 9.2%
2Per capita expenditures grew by 212%, indicating substantial service expansion or cost increases not explained by population growth alone
3Financial Administration was the fastest growing major expense category at 174% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 146%

$3,641,098,000 (2012)→$8,939,087,000 (2024)

Industrial Revenue Debt▼ 100%

$2,020,575,000 (2012)→$0 (2024)

Per Capita Debt▲ 125%

$564 (2012)→$1,268 (2024)

Population Trends

Population Change▲ 9.2%

6,455,177 (2012)→7,051,339 (2024)

Debt Management

Most Recent Year (2024)

Issued:$1,709,605,000

Retired:$651,244,000

Net Change:+$1,058,361,000

Debt Retirement Trend

$116,563,000 → $651,244,000▲ 459%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2There appears to be a significant shift in debt management strategy between 2012-2024, with a move toward higher debt levels.
3New debt issuance significantly increased the per-resident debt burden (up 125%).