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VOL. 126 | NO. 28 | Thursday, February 10, 2011

Tenn. Funding Board Sets Growth Projections

AP

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NASHVILLE (AP) – The State Funding Board has projected that Tennessee's general fund revenues could be up to $162 million more than expected this budget year.

The panel on Wednesday set official projections for the remainder of the current spending year and the one beginning July 1. Gov. Bill Haslam and lawmakers use the projections to plan the state's spending plan.

Depending on actual tax collections this year, the panel predicted general fund collections could grow between $247 million and $353 million in the upcoming budget year. That's a growth rate of between 2.9 percent and 3.65 percent.

Comptroller Justin Wilson, Secretary of State Tre Hargett and Treasurer David Lillard said the cautious predictions reflect concerns over high unemployment, low housing prices and inflation.

Copyright 2011 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 This material may not be published, broadcast, rewritten or redistributed.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 78 146 11,266
MORTGAGES 96 170 14,073
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 194 340 24,374
BANKRUPTCIES 58 135 8,567
BUSINESS LICENSES 28 51 3,822
UTILITY CONNECTIONS 0 137 13,594
MARRIAGE LICENSES 14 49 3,080

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