The FY26 General Fund budget will be balanced with projected revenue collections during the fiscal year. Projected revenue for FY26 is $17,817,804, an increase of $790,696 or 4.6% from the FY26 budget of $17,027,108.

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The Town of Farragut does not collect municipal property tax from its citizens or businesses. The single largest source of the Town’s revenue comes from local sales tax (60%), which has steadily grown with the expansion of commercial development, particularly with the success of the Turkey Creek regional retail trade area and local commercial growth along the Kingston Pike corridor. In addition to the local sales tax, the Town also receives a portion of the State of Tennessee sales tax which accounts for 16% of its total revenue. The Town estimates and budgets the revenues for each fiscal year very conservatively due to the market volatility of the local sales tax and state shared tax.