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VOL. 126 | NO. 28 | Thursday, February 10, 2011

Tenn. Funding Board Sets Growth Projections

AP

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NASHVILLE (AP) – The State Funding Board has projected that Tennessee's general fund revenues could be up to $162 million more than expected this budget year.

The panel on Wednesday set official projections for the remainder of the current spending year and the one beginning July 1. Gov. Bill Haslam and lawmakers use the projections to plan the state's spending plan.

Depending on actual tax collections this year, the panel predicted general fund collections could grow between $247 million and $353 million in the upcoming budget year. That's a growth rate of between 2.9 percent and 3.65 percent.

Comptroller Justin Wilson, Secretary of State Tre Hargett and Treasurer David Lillard said the cautious predictions reflect concerns over high unemployment, low housing prices and inflation.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 116 413 13,039
MORTGAGES 149 479 16,949
FORECLOSURE NOTICES 29 55 3,345
BUILDING PERMITS 176 701 28,395
BANKRUPTCIES 87 303 10,793
BUSINESS LICENSES 26 111 4,315
UTILITY CONNECTIONS 97 472 16,821
MARRIAGE LICENSES 25 100 3,791

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