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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 This material may not be published, broadcast, rewritten or redistributed.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 43 43 12,074
MORTGAGES 78 78 15,834
FORECLOSURE NOTICES 0 0 3,130
BUILDING PERMITS 0 0 28,832
BANKRUPTCIES 97 97 11,768
BUSINESS LICENSES 18 18 4,292
UTILITY CONNECTIONS 190 190 17,922
MARRIAGE LICENSES 43 43 3,711

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