Senator Joey Hensley, MD; Tennessee 28th District Capitol Hill Week in Review

6 Budget Overview

This year’s no-debt budget highlights lawmakers’ continuous efforts to cut taxes for Tennesseans, maintain fiscal responsibility, ensure public safety and prioritize education. It invests $52.58 billion in the state of Tennessee for the 2022/2023 fiscal year, with total legislative initiatives making up $84.1 million recurring and $570.8 million in non-recurring expenditures.

To maintain fiscal responsibility, lawmakers are making a $250 million investment in the state’s Rainy-Day Fund, which serves as Tennessee’s savings account to withstand economic downturns. This alloc...