State Senator Dr. Joey Hensley has announced that the 114th General Assembly has successfully wrapped up its 2025 legislative session, emphasizing a commitment to conservative budgeting, strategic investments, and tax relief measures. Since the year 2011, Tennessee has managed to reduce taxes by an impressive $8.2 billion while ensuring that essential services such as education, public safety, and infrastructure continue to receive adequate funding.
This year, the state experienced a significant boost in General Fund collections, surpassing expectations by $201 million. This surplus has enabled Tennessee to make one-time investments in critical areas such as road improvements, technological advancements, and various local projects, all without incurring additional long-term financial commitments. Looking ahead to the next fiscal year, the state plans to allocate $542.6 million towards recurring expenses, which will cover vital services including adoption programs, educational growth initiatives, TennCare, and health coverage for state employees.
Currently, Tennessee boasts an unemployment rate of 3.2%, which is notably lower than the national average. Dr. Hensley points out that the state’s prudent fiscal management—characterized by low levels of debt, focused investments, and responsible budgeting practices—serves as a benchmark for other states that are grappling with budget deficits and the pressure of tax increases.