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VOL. 128 | NO. 200 | Monday, October 14, 2013

Tennessee General Fund Misses Projections by $62 Million

AP

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NASHVILLE (AP) – Tennessee's general fund tax collections fell $62 million short of projections in September, the second month of the state's budget year.

Finance Commissioner Larry Martin said in a release Friday that total revenues for the month were $1.1 billion, or about 5 percent below the budgeted estimate.

Corporate franchise and excise taxes came in about $66 million short of projections, while the state's sales tax collections came in about $2 million less.

September tax collections reflect economic activity in the previous month.

Year-to-date general fund collections have fallen $83 million short of projections.

Copyright 2013 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 This material may not be published, broadcast, rewritten or redistributed.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 89 242 14,959
MORTGAGES 111 255 19,585
FORECLOSURE NOTICES 21 43 3,838
BUILDING PERMITS 153 512 35,842
BANKRUPTCIES 61 182 14,216
BUSINESS LICENSES 18 104 5,095
UTILITY CONNECTIONS 76 246 21,679
MARRIAGE LICENSES 16 75 4,632

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