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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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Wednesday, October 17, 2018

  • Cocke School Board
  • Jefferson City arrests
  • Smokies biodiversity
  • Campaign funding
  • Tennessee ranks poorly on home energy efficiency
  • Social Security and Medicaid

    Tuesday, October 16, 2018

  • Eternal Beverage project progresses
  • Arrington injured by train
  • Bobby Lovell has died
  • Early voting begins

    Monday, October 15, 2018

  • Cocke County IDB to meet
  • Stanley fatality
  • Worex crash/charge
  • Inmates charged
  • White cutting
  • Gubernatorial debate
  • Greene County fire fatalities

    Friday, October 12, 2018

  • Corker nominated for judgeship
  • CLB workshop
  • Bredesen in Newport
  • Wyse conviction
  • Pattottsville Heritage Days
  • Assad lawsuit

    Thursday, October 11, 2018

  • Cocke Public Safety Committee
  • More Tennessee adults in school
  • TVA cuts support for solar
  • Hurricane Michael
  •    

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