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VOL. 129 | NO. 96 | Friday, May 16, 2014

Tennessee Revenue Collections Continue to Improve

AP

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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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 30 106 2,644
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 60 359 9,892
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 23 104 3,167

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