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Board deems state economic forecast reasonable; staff flags projected personal income growth
Tennessee State Funding Board · March 23, 2026
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Summary
Staff reviewed the University of Tennessee forecast for Tennessee personal income growth and told the board the projected nominal personal income increases (about 4.7%–5.13% across FY26–CY27) were not unreasonable; a commissioner asked about implications for consumer spending.
Staff from the Comptroller’s office reviewed the annual economic report to the governor and advised the board that the forecasted growth in Tennessee nominal personal income appears reasonable when compared with other public and private forecasts.
William Wood, a financial analyst in the…
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