News from the South - Tennessee News Feed
Tennessee economists present rosy revenue picture | Tennessee
SUMMARY: Tennessee economists presented varied revenue projections but concurred on the adverse effects of reduced franchise taxes. The Department of Revenue estimated a 1.6% revenue increase for fiscal year 2025 and a 3.1% increase for 2026. However, the franchise tax changes resulted in revenue losses between 11.54% and 17%. Dr. Don Bruce forecasted a nominal decline of 1.3% this year, with 2.5% growth in 2026. The recent food tax holiday is expected to boost revenues by $180 million this year. Dr. Joseph Newhard anticipates growth in small and medium businesses, projecting a 0.61% increase for 2024-25 and 4.54% for 2025-26.
The post Tennessee economists present rosy revenue picture | Tennessee appeared first on www.thecentersquare.com
SUMMARY: Portland has experienced significant growth, with its population increasing by 15% since 2010. This trend is expected to continue in 2025, driven by the development of new residential areas and Nashville’s growth. Housing in Portland remains 53% below the national average, making it an attractive option for new residents. Despite this growth, locals hope to maintain a small-town feel, avoiding large-scale commercial developments. To manage this change, the city launched the “Preserve Portland” plan, which will guide zoning and development. Officials remain optimistic about the future, especially with anticipated decreases in interest rates in 2025.
The city of Portland has seen substantial growth in recent years and that’s not expected to slow down in 2025.
SUMMARY: A hotel developer is considering a parcel of land in Alcoa’s Springbrook Farm, which is situated on the site of a former aluminum plant. The Planning Commission recently approved the land sale, although details about the hotel remain unclear. Planning for the hotel will begin next year. Meanwhile, Springbrook Farm is bustling with new businesses, including the Chop House, Covenant Health’s planned facility, and local favorites like Swig soda shop and Just Love Coffee, which believe the area’s growth makes it a prime location. Leaders aim for a walkable community with sidewalks connecting various establishments.
Restaurants, a coffee shop and other businesses are already open for business at the development.
News from the South - Tennessee News Feed
Rutherford County deputies donate share of ‘Secret Santa’ fund to family of fallen West TN sergeant
SUMMARY: After a fatal officer-involved shooting on Dec. 14 in West Tennessee, Rutherford County authorities donated money to support the family of Sgt. Rick Finley, who was killed while responding to a suspect. Finley was attacked by 39-year-old Daniel Holmes, who fired fatal shots before being shot by another officer. Finley, survived by his wife and four children, received the donation through the “Secret Santa” fund, a charitable initiative supporting law enforcement families. The donation was coordinated by deputies, including Sgt. Robert Horne and Sgt. John Wauchek, and accepted by Lt. Ted Roberts on behalf of Finley’s family.
The post Rutherford County deputies donate share of 'Secret Santa' fund to family of fallen West TN sergeant appeared first on www.wkrn.com
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