Economic Forecast for Tenn (Bristol) (2009, condominium, buying a home)

[bound2TN]

Dear Friends:
I will be making an exploratory trip to the Tri-Cities area next month--preparatory to buying a home.

With so many states running humongous deficits, instituting and/or raising income tax rates, etc. I was wondering what might be in the offing for Tennessee?

Thank you for your help.

[rccrain]

Nothing in the foreseeable future. We had a surplus last year (2007), and I think we balanced it this year (2008). We'll see how 2009 goes, but with the stimulus I'd be shocked if taxes increased, especially considering the new property tax assessments.

[NorthernLights]

We've still to get the bottom line on tax assessments. I wrote Monty's office in J-borough again as a member of his task force promised to come out and review the entire condominium since they raised the assessments higher than we can sell the houses for [almost]. Hoping to hear back soon. A jump from 78,000 to 104,200 in five years seems a bit excessive even to a Yankee like me and we're used to being boned by the government.
As others have said; this is a great place to live, affordable housing, cheap property taxes [even with the higher assessments], great climate, nice folks...just don't come here looking for a high paying job. Better yet, you better bring your own job with you if you can.