The Federal Budget for 2014
In 2014 the federal government spent $3.504 trillion while they only received $3.021 trillion. This left the United States of America borrowing $483 billion. Here are the numbers broke down.
State of Tennessee 2015 Budget
On May 16,2014, Governor Haslam signed into law the fiscal year 2015 budget. The enacted budget totaled $32.4 billion, a 2.4 percent reduction over fiscal year 2014. According to a January 2014 report by the nonprofit organization State Budget Solutions, Tennessee had a state debt of $41,049,738,000 despite the fact that the state is legally required by law to adopt a balanced budget. Its state debt per capita was $6,358.
To see the spending by
the numbers from
The Heritage Foundation.
To see the Tennessee state budget and finances from
When the people find that they can vote themselves money, that will herald the end of the republic.
-- Benjamin Franklin
U.S. National Debt Clock.
State of Tennessee Debt Clock.
How does Gibson County's property taxes stack up against other counties in West Tennessee? Shown below are the 21 counties located in West Tennessee. Column "A" shows the value of the median home in each county. Column "B" shows the percentage of the value of the median home paid in taxes each year. The state average is .68 %, Gibson County is .76 %. Gibson County is tied with Crockett County for second place in the percentage of the median home value required to pay annual property taxes. Column "C" shows the taxes paid annually on the median home. Column "D" shows the percentage of annual income required to pay annual property taxes. Gibson County is one of only three counties in West Tennessee that require more than 1.5% of annual income (*) to pay property taxes.
Date: April 15th, 2015