Tennessee’s State Funding Board approved a tax growth rate of 1.25 to 2.15 percent for the 2025-2026 fiscal year. However, this estimation did not consider that the Trump administration will assume control of the federal government in 2025, and Tennessee stands poised to reap significant economic benefits from the anticipated policy shifts. The state’s diverse economy — encompassing manufacturing, agriculture, and a burgeoning tech sector — is well-positioned to thrive under the incoming administration’s pro-freedom agenda.
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