» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 124 | NO. 200 | Monday, October 12, 2009

Tenn. Taxes Fall Short Again in 2nd Budget Month

The Associated Press

Print | Front Page | Email this story | Comments ()

NASHVILLE, Tenn. (AP) - Tennessee's tax collections have now fallen below projections in the first two months of the budget year.

The general fund missed expectations by $33.5 million in August, bringing the spending gap to $64 million for the budget year that began July 1.

Collection of sales taxes, which account for two out of every three tax dollars in Tennessee, fell about $38 million short in the month. But corporate franchise and excise tax collections exceeded expectations by $2.6 million.

The monthly tax projections were set by the State Funding Board in May.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 215 4,981
MORTGAGES 96 322 6,548
FORECLOSURE NOTICES 13 38 1,517
BUILDING PERMITS 223 541 11,800
BANKRUPTCIES 84 203 5,162
BUSINESS LICENSES 19 65 2,001
UTILITY CONNECTIONS 124 351 6,815
MARRIAGE LICENSES 21 65 1,406

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.