The State Funding Board will meet on Tuesday to hear economists' revenue estimates for the upcoming budget year.
Following their predictions, the governor selects a number within the range in constructing the budget.
Last month, finance officials reported that the state's general fund revenues fell $97 million short of projections in the first quarter of the state's budget year.
Corporate franchise and excise tax collections came in at $352 million, or $87 million below the budgeted estimate, and a 14 percent drop from the same year-ago period.
Following a speech this week to the Nashville Rotary Club, Gov. Bill Haslam told members that preliminary numbers for Thanksgiving sales were "mediocre."
However, despite the sluggish numbers, he later told reporters that he still has confidence in the state's economy.