1 result for “deficit financing” · budget
This revenue overview document outlines the fiscal foundations of Metro Nashville's budget, emphasizing that deficit financing is prohibited by Tennessee Law and the Metropolitan Charter, requiring expenditures to be matched by equal revenue and fund balances. The document identifies property tax and sales tax as the largest revenue sources and notes that Tennessee's economy is projected to grow 2.5% in 2025-2026, with Nashville leading this growth supported by a diversified economy, low unemployment (3.0% as of February 2025), and relative stability despite inflation concerns and potential federal funding uncertainties. The document provides background on Metro's revenue sources and economic trends affecting budget feasibility, with detailed revenue projections included in the accompanying budget ordinance.
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