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VOL. 40 | NO. 42 | Friday, October 14, 2016

Tennessee tax revenues beat September projections by $108M

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NASHVILLE (AP) - General fund tax collections have beaten projections by $108 million in September.

Corporate franchise and exercise taxes came in at $76 million more than expectations in the month, which reflects economic activity in August. Sales taxes collections were $24 million higher than the amount budgeted for the month and reflect a 4.5 percent growth rate compared with the same year-ago period.

General fund collections are $140 million above projections through the first two months of the budget year.

Tennessee ended the last fiscal year with a surplus of $852 million in the general fund.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0