June revenues $3.2M more than state budgeted

Thursday, July 11, 2013 at 3:26pm

State Finance Commissioner Larry Martin says overall June revenues were $3.2 million more than the state budgeted.

Martin in a release Thursday said state tax collections for last month were weak, but he said it marks the 11th consecutive month this year of positive growth in total collections.

Sales tax collections were $100,000 less than the estimate for June, but franchise and excise taxes combined were $2.3 million more than budgeted.

The general fund went over by $8.9 million.

Martin says the year-to-date growth rate for all taxes remains low and points to an economy that is still anemic and recovering slowly.

 

5 Comments on this post:

By: ancienthighway on 7/11/13 at 6:22

11th consecutive month of revenue growth on weak tax collections?

Ah, rather than a tax and spend Democrat we have a tax and keep Republican government. It would be a crime to think about reducing taxes (isn't that a Republican mantra? or does that apply only to select groups of people) or sending out rebates (sounds like a form of welfare, giving money to the people if they don't earn it...never mind they had to give it to you in the first place and you sure didn't earn it). I'm sure the givernor can find some rich friend to hire at some exorbitant wage or slip some contract off to one of his holdings to drain that general fund.

By: courier37027 on 7/11/13 at 9:49

Give the money back. I am sure Karl Dean will take it from us on the local level.

By: Rocket99 on 7/15/13 at 7:36

It just gives Mr. Haslam more cash to give to his rich buddies instead of investing it in the employees.

By: joe41 on 7/15/13 at 6:27

Keep the contract to manage Tennessee State office buildings in Tennessee rather than ship them to Chicago and other dumb decisions!

tJoe

By: Rocket99 on 7/16/13 at 7:39

Haslam is dirty. Worse than the Blanton administration ever was. He is fleesing the state tax payers big time.