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Funding board deems governor—s economic report forecasts "not unreasonable"
Summary
The Tennessee State Funding Board on April 10, 2025 accepted staff—s analysis that characterized the University of Tennessee Center for Business and Economic Research—s economic report to the governor as producing forecasts that "are not unreasonable."
The Tennessee State Funding Board on April 10, 2025 accepted staff—s analysis that characterized the University of Tennessee Center for Business and Economic Research—s economic report to the governor as producing forecasts that "are not unreasonable." William Wood of the Comptroller of the Treasury—s Division of Finance presented the staff review.
Wood told the board the report projects nominal personal income growth of 5.3% in fiscal year 2025, 4.59% in calendar year 2025, and 4.9% in calendar year 2026 and that comparisons with forecasts from other…
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