Tennessee Fiscal Statistics

StatisNostics/State Financials/Tennessee
Generating Chart...

Filter Data by Year

20122022
Generating Chart...

State Revenue Analysis (Tennessee: 2012–2022)

Population: 6,455,177 → 6,886,834 (6.7% change)

Overall Revenue Trends

Total Revenue▲ 68.2%
$27,268,545,000 (2012)→$45,867,676,000 (2022)
Per Capita Revenue▲ 57.7%
$4,224 (2012)→$6,660 (2022)
Fund Balances▼ 100%
$11,523,700,000 (2012)→$0 (2022)
Revenue Volatility✓ Low
Avg. fluctuation: 6.4%

Major Tax Revenue

Sales Tax▲ 117.2%
$5,933,356,000 (2012)→$12,887,107,000 (2022)

Utility Revenue

Water Utilities▼ 100%
$5,000 (2012)→$0 (2022)
Solid Waste Charges▲ 33.1%
$1,791,000 (2012)→$2,383,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Housing & Community Development Charges▲ 539.0%
$2,800,000→$17,891,000
Sale of Property▲ 369.4%
$1,276,000→$5,989,000
Documentary & Stock Transfer Tax▲ 283.7%
$136,224,000→$522,660,000

Declining/Slowest Growing Sources

Death & Gift Tax▼ 99.6%
$149,344,000→$640,000
Individual Income Tax▼ 94.8%
$182,251,000→$9,480,000
Education Other State Charges Not Elsewhere Classified▼ 68.9%
$29,093,000→$9,050,000

Revenue Forecast

Projected Revenue (Next Year)▲ 13.6%
Estimated: $52,099,953,576
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%

2022 Revenue Breakdown

Total General Sales Taxes28.1%
Federal Intergovernmental Public Welfare22.1%
Corporation Net Income Tax6.5%
Federal Intergovernmental Health & Hospitals5.4%
Federal Intergovernmental Education4.7%
Miscellaneous General Revenue Not Elsewhere Classified3.4%
Corporation License Tax3.3%
Higher Education Tuition Charges2.8%
Motor Fuels Sales Tax2.8%
Insurance Premium Tax2.7%
Federal Intergovernmental Highways2.5%
Federal Intergovernmental Other1.9%
Other Selective Sales Taxes1.4%
Federal Intergovernmental Housing & Community Development1.2%
Documentary & Stock Transfer Tax1.1%
Net Lottery Revenue1.1%
Occupation & Business License Not Elsewhere Classified1.1%
All Other Not Elsewhere Classified Charges1.0%
Higher Education Auxiliary Charges0.9%
Motor Vehicle License0.9%
Federal Intergovernmental General Support0.7%
Alcoholic Beverage Sales Tax0.6%
Unemployment - Contribution0.6%
Tobacco Sales Tax0.5%
Interest Earnings0.5%
Donations From Private Sources0.5%
Federal Intergovernmental Other Natural Resources0.4%
Federal Intergovernmental Employment Security Administration0.2%
Parks & Recreation Charges0.1%
Amusement Tax0.1%
Hunting & Fishing License0.1%
Federal Intergovernmental Sewerage0.1%
Local Intergovernmental Highways0.1%
Motor Vehicle Operators License0.1%
Local Intergovernmental Education0.1%
Local Intergovernmental Public Welfare0.1%
Federal Intergovernmental Air Transportation0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Fines & Forfeits0.1%
Unemployment - Interest Revenue0.0%
Hospital Charges0.0%
Housing & Community Development Charges0.0%
Taxes Not Elsewhere Classified0.0%
Local Intergovernmental Other0.0%
Other License Tax0.0%
Individual Income Tax0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Public Utilities Tax0.0%
Public Utility License Tax0.0%
Sale of Property0.0%
Local Intergovernmental Health & Hospitals0.0%
Solid Waste Charges0.0%
Alcoholic Beverage License Tax0.0%
Severance Tax0.0%
Rents0.0%
Death & Gift Tax0.0%
Amusement License Tax0.0%
Regular Highway Charges0.0%
Toll Highway Charges0.0%
Elementary Secondary Education Not Elsewhere Classified Charges0.0%

Key Insights

  1. 1Total revenue increased by 68.2% from 2012 to 2022, representing a significant change in the state's financial position.
  2. 2Population changed by 6.7%, while per-capita revenue changed by 57.7%.
  3. 3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
Generating Chart...

State Expense Analysis (Tennessee: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 188%
$9,130,792,000→$26,316,912,000
Per Capita Spending▲ 170%
$1,414→$3,821

Population Trends

Population Change▲ 6.7%
6,455,177 (2012)→6,886,834 (2022)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 78%
$168,721,000 (2012)→$299,930,000 (2022)
Fire Protection▼ 0%
$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 56%
$446,684,000 (2012)→$696,408,000 (2022)
Sewerage Operations▼ 5%
$960,000 (2012)→$913,000 (2022)

Administrative Expenses

Financial Administration▲ 122%
$382,701,000 (2012)→$851,355,000 (2022)
General Expenses▲ 36%
$571,121,000 (2012)→$778,766,000 (2022)

Tennessee Key Insights

  1. 1Per capita expenditures grew by 170%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2Financial Administration was the fastest growing major expense category at 122% increase
Generating Chart...

State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 115%
$3,641,098,000 (2012)→$7,840,147,000 (2022)
Industrial Revenue Debt▼ 100%
$2,020,575,000 (2012)→$0 (2022)
Per Capita Debt▲ 102%
$564 (2012)→$1,138 (2022)

Population Trends

Population Change▲ 6.7%
6,455,177 (2012)→6,886,834 (2022)

Debt Management

Most Recent Year (2022)

Issued:$650,537,000
Retired:$874,461,000
Net Change:$-223,924,000

Debt Retirement Trend

$116,563,000 → $874,461,000▲ 650%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
  2. 2There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward higher debt levels.