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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, February 20, 2019

  • Jefferson County murder/suicide update
  • Jefferson County shooting
  • CLB gets animal shelter update
  • Newport Utilities water project
  • TVA long range plan
  • CWD a risk to humans ?
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    Tuesday, February 19, 2019

  • Newport Grammar..........Closed
  • Grassy Fork reduced ISO rating
  • Ball arrest
  • Drug baby legislation
  • Heavy rains....possible flooding
  • School bus cameras
  • School bus cameras

    Monday, February 18, 2019

  • Cocke County schools closed Tuesday
  • Holt/Morris arrest
  • Guns in cars
  • Stand Your Groend
  • McMinn drowning

    Saturday, February 16, 2019

  • Roe news conference
  • Alexander says the border is no national emergency
  • National Park funding

    Friday, February 15, 2019

  • Wilson charges are certified
  • Gardner convicted of aggravated sexual battery of a child
  • TVA moves away from coal
  • Alexander and Roe support budget legislation
  •    

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