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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 This material may not be published, broadcast, rewritten or redistributed.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 98 400 5,162
MORTGAGES 129 530 7,170
FORECLOSURE NOTICES 24 117 1,592
BUILDING PERMITS 0 774 12,068
BANKRUPTCIES 65 309 4,834
BUSINESS LICENSES 27 142 2,125
UTILITY CONNECTIONS 65 373 6,624
MARRIAGE LICENSES 21 117 1,490

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