Tennessee Fiscal Statistics

StatisNostics/State Financials/Tennessee
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20122021
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State Revenue Analysis (Tennessee: 2012–2021)

Population: 6,455,177 → 6,829,174 (5.8% change)

Overall Revenue Trends

Total Revenue▲ 54.1%
$27,268,545,000 (2012)→$42,022,632,000 (2021)
Per Capita Revenue▲ 45.7%
$4,224 (2012)→$6,153 (2021)
Fund Balances▲ 83.4%
$11,523,700,000 (2012)→$21,137,042,000 (2021)
Revenue Volatility✓ Low
Avg. fluctuation: 6.1%

Major Tax Revenue

Sales Tax▲ 86.4%
$5,933,356,000 (2012)→$11,060,457,000 (2021)

Utility Revenue

Water Utilities▼ 100%
$5,000 (2012)→$0 (2021)
Solid Waste Charges▲ 12%
$1,791,000 (2012)→$2,006,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Sale of Property▲ 939.7%
$1,276,000→$13,266,000
Housing & Community Development Charges▲ 338.2%
$2,800,000→$12,269,000
Federal Intergovernmental Other▲ 203.2%
$540,799,000→$1,639,952,000

Declining/Slowest Growing Sources

Death & Gift Tax▼ 99.0%
$149,344,000→$1,434,000
Severance Tax▼ 84.4%
$2,450,000→$381,000
Regular Highway Charges▼ 79.7%
$360,000→$73,000

Revenue Forecast

Projected Revenue (Next Year)▲ 13%
Estimated: $47,474,070,678
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Total General Sales Taxes26.3%
Federal Intergovernmental Public Welfare22.6%
Corporation Net Income Tax6.1%
Federal Intergovernmental Education5.2%
Federal Intergovernmental Health & Hospitals4.2%
Federal Intergovernmental Other3.9%
Corporation License Tax3.3%
Miscellaneous General Revenue Not Elsewhere Classified3.1%
Motor Fuels Sales Tax2.9%
Higher Education Tuition Charges2.9%
Insurance Premium Tax2.6%
Federal Intergovernmental Highways2.5%
Other Selective Sales Taxes1.5%
Net Lottery Revenue1.3%
Occupation & Business License Not Elsewhere Classified1.1%
All Other Not Elsewhere Classified Charges1.0%
Federal Intergovernmental Housing & Community Development1.0%
Documentary & Stock Transfer Tax0.9%
Motor Vehicle License0.9%
Federal Intergovernmental General Support0.8%
Higher Education Auxiliary Charges0.8%
Unemployment - Contribution0.7%
Interest Earnings0.7%
Tobacco Sales Tax0.6%
Alcoholic Beverage Sales Tax0.5%
Federal Intergovernmental Other Natural Resources0.5%
Individual Income Tax0.4%
Donations From Private Sources0.4%
Federal Intergovernmental Employment Security Administration0.3%
Motor Vehicle Operators License0.1%
Parks & Recreation Charges0.1%
Hunting & Fishing License0.1%
Federal Intergovernmental Sewerage0.1%
Federal Intergovernmental Air Transportation0.1%
Local Intergovernmental Public Welfare0.1%
Fines & Forfeits0.1%
Local Intergovernmental Education0.1%
Unemployment - Interest Revenue0.1%
Local Intergovernmental Highways0.1%
Amusement Tax0.1%
Hospital Charges0.1%
Natural Resources Not Elsewhere Classified Charges0.0%
Taxes Not Elsewhere Classified0.0%
Sale of Property0.0%
Housing & Community Development Charges0.0%
Local Intergovernmental Other0.0%
Federal Intergovernmental Water Utilities0.0%
Other License Tax0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Public Utilities Tax0.0%
Public Utility License Tax0.0%
Local Intergovernmental Health & Hospitals0.0%
Solid Waste Charges0.0%
Alcoholic Beverage License Tax0.0%
Death & Gift Tax0.0%
Rents0.0%
Elementary Secondary Education Not Elsewhere Classified Charges0.0%
Severance Tax0.0%
Amusement License Tax0.0%
Regular Highway Charges0.0%
Toll Highway Charges0.0%

Key Insights

  1. 1Total revenue increased by 54.1% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Population changed by 5.8%, while per-capita revenue changed by 45.7%.
  3. 3The state's fund balances increased by 83.4%, suggesting improved fiscal health.
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State Expense Analysis (Tennessee: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 37%
$9,130,792,000→$12,512,098,000
Per Capita Spending▲ 30%
$1,414→$1,832

Population Trends

Population Change▲ 5.8%
6,455,177 (2012)→6,829,174 (2021)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 44%
$0 (2012)→$0 (2021)
Fire Protection▼ 0%
$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 41%
$0 (2012)→$0 (2021)
Sewerage Operations▼ 7%
$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 63%
$0 (2012)→$0 (2021)
General Expenses▲ 97%
$0 (2012)→$0 (2021)
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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▼ 1%
$3,641,098,000 (2012)→$3,607,365,000 (2021)
Industrial Revenue Debt▲ 44%
$2,020,575,000 (2012)→$2,909,404,000 (2021)
Per Capita Debt▼ 6%
$564 (2012)→$528 (2021)

Population Trends

Population Change▲ 5.8%
6,455,177 (2012)→6,829,174 (2021)

Debt Management

Most Recent Year (2021)

Issued:$623,571,000
Retired:$736,299,000
Net Change:$-112,728,000

Debt Retirement Trend

$116,563,000 → $736,299,000▲ 532%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward lower debt levels.