SB0427 amends Tennessee's allocation of funds to counties and municipalities based on annual population estimates.

SB0427 modifies Tennessee Code to adjust the allocation of funds to counties and municipalities using annual population estimates instead of relying solely on the decennial federal census. The Boyd Center at the University of Tennessee will generate these estimates, which the Department of Economic and Community Development will review and certify annually. This change ensures more frequent and potentially more accurate population data for equitable fund distribution. The act takes effect January 1, 2026.

SB0427 amends Tennessee's allocation of funds to counties and municipalities based on annual population estimates.

SB0427 modifies Tennessee Code to adjust the allocation of funds to counties and municipalities using annual population estimates instead of relying solely on the decennial federal census. The Boyd Center at the University of Tennessee will generate these estimates, which the Department of Economic and Community Development will review and certify annually. This change ensures more frequent and potentially more accurate population data for equitable fund distribution. The act takes effect January 1, 2026.