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

Forgot your password?
Skip Navigation LinksHome >
VOL. 129 | NO. 96 | Friday, May 16, 2014

Tennessee Revenue Collections Continue to Improve

AP

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

NASHVILLE (AP) – Tennessee revenue collections are continuing to show signs of improvement, with April figures exceeding expectations.

Finance Commissioner Larry Martin said in a news release on Thursday that overall revenues were $75 million more than the state budgeted for April, which reflects economic activity in the previous month.

The state's general fund exceeded expectations by $69.8 million.

Corporate franchise and excise taxes were $4.9 million above the budgeted estimate for the month, and sales taxes were $4.8 million more than expected.

The state has struggled with poor revenue collections, which led the Republican-controlled Legislature to cancel planned raises for teachers and state employees in the state's $32.4 billion annual budget plan passed last month.

Copyright 2014 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 This material may not be published, broadcast, rewritten or redistributed.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 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 22 22 3,817
BUILDING PERMITS 142 142 35,472
BANKRUPTCIES 62 62 14,096
BUSINESS LICENSES 62 62 5,053
UTILITY CONNECTIONS 99 99 21,532
MARRIAGE LICENSES 37 37 4,594

Weekly Edition

Issues | About

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