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

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 220 | Monday, November 11, 2013

Tennessee Quarterly Revenues $97 Million Below Projections

AP

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

NASHVILLE (AP) – Tennessee's general fund revenues fell $97 million short of projections in the first quarter of the state's budget year.

Corporate franchise and excise tax collections came in at $352 million, or $87 million below the budgeted estimate, and a 14 percent drop from the same year-ago period.

Sales tax collections were $1.77 billion in the quarter, missing projections by about 1 percent. But sales tax revenues posted a 3.4 percent growth compared with the first quarter of last year.

The state's sluggish revenue figures come as Republican Gov. Bill Haslam prepares to assemble his annual spending plan before the General Assembly convenes in January.

Copyright 2013 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 This material may not be published, broadcast, rewritten or redistributed.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 72 72 2,459
MORTGAGES 94 94 3,413
FORECLOSURE NOTICES 0 0 782
BUILDING PERMITS 163 163 6,498
BANKRUPTCIES 84 84 2,491
BUSINESS LICENSES 24 24 1,088
UTILITY CONNECTIONS 146 146 3,588
MARRIAGE LICENSES 26 26 649

Weekly Edition

Issues | About

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