This is a financing agreement addendum to the software/services master agreement order form. It includes terms on interest and prepayments.
Tennessee Financing
Category:
State:
Multi-State
Control #:
US-TC05082D
Format:
Word;
PDF;
Rich Text
Instant download
Description
How to fill out Financing?
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FAQ
Tennessee has $20.9 billion available after bills have been paid, which breaks down to $9,500 per taxpayer. Tennessee's reported net position is understated by $976.7 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
In the fiscal year of 2021, Tennessee's state debt stood at about 7.16 billion U.S. dollars. By the fiscal year of 2027, this is forecasted to increase to about 10.05 billion U.S. dollars.
F&A supports the state of Tennessee in budget and accounting, technology needs, healthcare insurance, transaction processing, providing enforcement of laws among members of the state's Medicaid program and providing grant funding and oversight for domestic violence service providers.
In 2021, the federal state of California had about 541.24 billion U.S. dollars of debt outstanding, the most out of any state. New York, Texas, Illinois, and Florida rounded out the top five states with the most debt outstanding in 2021.
The state debt per capita was $914. This ranked Tennessee 38th among the states in debt and 50th in per capita debt. The total state debt owned by the 50 states was $1.15 trillion with a per capita debt of $3,582. It is important to note that the below figures reflect various sources with different methodologies.
The revenues necessary to finance state government are collected from a variety of sources. The primary source of funding for state expenditures is appropriation from general revenues. General revenues are proceeds from taxes, licenses, fees, fines, forfeitures, and other imposts laid specifically by law.
Tennessee's combined state and local general revenues were $62.0 billion in FY 2021, or $8,946 per capita. National per capita general revenues were $12,277. Tennessee does not levy an individual income tax on salaries and wages but does tax bond interest and stock dividends.
Supplemental Nutrition Assistance Program (SNAP) Families First. Child Care Services. Child Support. Community Services Block Grant. Social Services Block Grant. Community Services Block Grant. Disaster Related Emergency Assistance.
