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
News from the South - Tennessee News Feed
TBI shares tips to prevent elder abuse
SUMMARY: The Tennessee Bureau of Investigation (TBI) emphasizes the importance of preventing elder abuse on World Abuse Awareness Day. Elder abuse involves physical, mental, sexual, emotional harm, neglect, or financial exploitation of vulnerable seniors. TBI prioritizes prosecuting offenders swiftly to ensure justice. Special Agent Brock urges reporting suspicious injuries or situations to Adult Protective Services, local law enforcement, or TBI’s Medicaid Fraud Control Division, which recovers millions in fraud annually—yielding over $3 returned per dollar spent. The issue is widespread: about 10% of seniors aged 65+ face elder abuse yearly, but only 1 in 14 cases are reported, highlighting the need for community vigilance.
For nearly 20 years, people have recognized June 15 as World Elder Abuse Awareness Day.
News from the South - Tennessee News Feed
Grizzlies trade Desmond Bane to the Orlando Magic
SUMMARY: The Memphis Grizzlies have traded veteran guard Desmond Bane to the Orlando Magic. In return, Memphis receives Kentavious Caldwell-Pope, Cole Anthony, four unprotected first-round picks (2025, 2026, 2028, 2030), and a lightly protected 2029 pick swap. Bane, drafted in 2020, averaged 17.8 points over five seasons and recently signed a five-year, \$197 million extension. Caldwell-Pope, a two-time NBA champion, averaged 8.7 points with Orlando in 2024. Anthony, also a 2020 first-round pick, averaged 12.5 points during his time with the Magic. The trade represents a major roster shift for both teams heading into future seasons.
The post Grizzlies trade Desmond Bane to the Orlando Magic appeared first on www.wkrn.com
News from the South - Tennessee News Feed
AM Forecast (6/15): Mild and muggy today with scattered showers and storms, highs in the lower 80s
SUMMARY: Mild and muggy conditions continue today with highs in the low 80s and scattered showers and storms across East Tennessee. A persistent southerly wind is drawing Gulf moisture, fueling daily rain chances. Tuesday and Thursday may bring slightly higher storm activity due to passing systems. By Friday, a ridge of high pressure is expected to build in, possibly leading to drier and warmer weather into next weekend. If temperatures reach 90°F by June 21, it will mark the latest first 90-degree day of the 21st century. Wednesday may feel especially hot, with mid-80s highs and heat index values in the mid-90s.
Warm and humid conditions will linger through next week with daily rain chances. Temperatures are expected to heat up by the end of the week into next weekend.
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