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TACIR: large tourism sales growth can raise county fiscal capacity and reduce state education aid share
Summary
TACIR staff told the Education Finance Subcommittee that counties with large tourism-driven sales tax bases (notably Davidson and Sevier counties) have seen increases in measured fiscal capacity, which, all else equal, reduces their state share of education funding under TISA.
TACIR Research Director Michael Mount presented analysis showing growth in tourism-related sales tax revenue can increase a county's fiscal capacity in the commission's model and thus lower the state's share of K–12 funding for that county under the Tennessee Investment in Student Achievement Act (TISA).
Mount said tourism-generated tax revenues are an important part of the tax base in counties such as Davidson and Sevier. He cited state figures from February 2024…
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