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

Forgot your password?
Skip Navigation LinksHome >
VOL. 126 | NO. 241 | Monday, December 12, 2011

Tenn. Sales Taxes Up 5.2 Percent in November

AP

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

NASHVILLE (AP) – Tennessee sales tax collections were up 5.2 percent in November, and the state's general fund revenues have exceeded expectations by $69 million since the beginning of the budget year.

Finance Commissioner Mark Emkes stressed Friday that the sales tax collections reflect economic activity in October, meaning the state will have to wait to see the results of the post-Thanksgiving sales until next month.

Emkes announced the most recent revenue figures at a meeting of the State Funding Board. The panel also heard from economists about their projections for the state economy in the next budget year beginning in July.

Republican Gov. Bill Haslam has said he expects to have to fill a funding gap of about $300 million in the upcoming spending year.

Copyright 2011 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 This material may not be published, broadcast, rewritten or redistributed.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 67 138 5,300
MORTGAGES 96 179 7,349
FORECLOSURE NOTICES 13 18 1,632
BUILDING PERMITS 180 488 12,555
BANKRUPTCIES 71 112 4,946
BUSINESS LICENSES 25 46 2,171
UTILITY CONNECTIONS 74 161 6,785
MARRIAGE LICENSES 20 51 1,541

Weekly Edition

Issues | About

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