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Friday, September 21, 2018

Tennessee revenues are up
Tennessee revenues were more than the budgeted estimates for the first month of the state’s fiscal year. Finance and Administration Commissioner Larry Martin today reported that overall August revenues were $1.05 billion, which is $71.5 million more than August 2017, and $34.4 million more than the budgeted estimates. The growth rate for all taxes in August was 7.29%. “August revenues have exceeded expectations and demonstrate the continued strength of the Tennessee economy,” Martin said. “Sale and use tax receipts, reflecting July consumer sales activity, motor vehicle registration and business tax receipts all posted growth that contributed to the state outperforming its budgeted estimate. However, franchise and excise taxes and gross receipts fell short of their respected estimates and offset some of the positive advancement. “August numbers are a positive start to Fiscal Year 2019. Given that we are in one of the longest economic expansions in history, we will continue to monitor economic activity and revenue trends.” On an accrual basis, August is the first month in the 2018-2019 fiscal year. General fund revenues were $14.4 million more than the August estimate. The four other funds that share in state tax revenues were $20 million more than the estimates. Sales tax revenues were $18.3 million more than the estimate for August. The August growth rate was 6.11%.


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Monday, June 24, 2019

  • NU power outage
  • Judge Duane Slone honored
  • Opioid deaths decrease in Tennessee
  • Congress blocks Saudi arms sales
  • Baby milk formula is recalled
  • Newport Street Department

    Sunday, June 23, 2019

  • Housing starts in Tennessee
  • Retirement costs
  • Suicide increases in Tennessee

    Friday, June 21, 2019

  • Roe representative to be in Newport

    Thursday, June 20, 2019

  • McCord visits Newport
  • Alexander sponsors legislation to reduce out of pocket medical costs
  • Messer arrest
  • Special session of CLB

    Wednesday, June 19, 2019

  • Cocke County budget discussions continue
  • Phillips charged in double murder
  • ETSU tuition to increase
  • Small business job growth
  • Library is closed
  •    

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