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VOL. 41 | NO. 11 | Friday, March 17, 2017

Tennessee general fund revenues beat projections by $8.4M

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NASHVILLE (AP) — Tennessee's general fund tax collections were $8.4 million above projections in February, bringing the state's surplus revenues to $491 million through the first seven months of the budget year.

Sales tax collections came in at $33 million above estimates during the month, which reflects economic activity in January. But corporate franchise and excise taxes were nearly $17 million below projections.

Sales tax collections reflect a 6.5 percent growth compared with the month a year ago, and a 4 percent growth rate since the beginning of the budget year in July.

Fuel taxes, which are largely dedicated to road and bridge funding, dropped 8 percent compared with the previous February and were $1.7 million below budgeted estimates. But gas tax collections have beaten estimates by $27 million this year to date.

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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