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

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 246 | Wednesday, December 18, 2013

State Funding Board Makes Revenue Projections

AP

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

NASHVILLE (AP) – The State Funding Board has made its revenue projections for the upcoming budget year.

Last week, the board heard from economists who estimated growth of the state's total general fund collections should range from 2.2 percent to 3.5 percent.

Based on those numbers, the board on Tuesday went with a more conservative range of 2.2 percent to 2.9 percent. The governor will select a figure within that range to construct the budget.

Finance Commissioner Larry Martin says the numbers reflect the state's sluggish economy.

Tennessee's general fund tax collections fell $22 million short of projections in November, the fourth month of the state's budget year.

Corporate franchise and excise taxes came in about $16 million short of projections, while the state's sales tax collections were $2 million less.

Copyright 2013 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 This material may not be published, broadcast, rewritten or redistributed.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 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

Weekly Edition

Issues | About

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