Business news

NASHVILLE, Tenn. (AP) — Tennessee Finance Commissioner Larry Martin says the state's overall revenue collections in June were $56.5 million more than expected.

The tax collections reflect economic activity in May.

The state's general fund tax collections in June were $52.3 million higher than projected.

Sales tax grew 7.6 percent in June, $35 million more than expected.

Franchise and excise taxes combined were $27.7 million more than the budgeted estimate.

However, while growth rates are strong, Martin says state officials remain cautious.

More good economic news for Tennessee

Jun 19, 2015

MURFREESBORO, Tenn. (WMOT)  --  Tennessee’s unemployment rate continues to fall.

A new report from the state Department of Labor shows the jobless rate down to 5.8 percent in May. That’s a drop of two-tenths from the April reading.

Tennessee’s unemployment rate remains above the national rate which currently stands at 5.5 percent.

The state added 10,000 jobs in May. The increases came in hospitality, education, health services, and transportation.

The May jobless rate of 5.8 percent is the loss unemployment number Tennessee has seen sin the spring of 2008.

MURFREESBORO, Tenn. (WMOT)  --  Goodwill Career Solutions will host a job fair in Murfreesboro this week featuring 9 employers and 650 open positions.

The openings include machine operators, forklift drivers, punch-press operators, welders and warehouse positions.

Goodwill spokesman Chris Fletcher says company reps will be on hand. He encourages job seekers to wear business attire and dress for success.

MURFREESBORO, Tenn. (WMOT)  --  The Murfreesboro City Council and the Murfreesboro Electric Board will hold a joint meeting this week to discuss a proposed merger of the city’s electric service with Middle Tennessee Electric.

In late May MTEMC suggested to the city that it consider selling Murfreesboro Electric to the Cooperative.

Middle Tennessee Electric serves all of Cannon, Rutherford, Williamson and Wilson counties, along with portions of five other mid-state counties.

MURFREESBORO, Tenn. (WMOT)  --  The Tennessee Farm Bureau says it’s reviewing the Obama Administration’s new rules governing the pollution of waterways.

This past week the Environmental Protection Agency moved to clarify which streams and other small bodies of water are federally protected.

The rules have already run into deep opposition from farm groups and the Republican-led Congress. The House voted to block the regulations earlier this month, saying they amount to overreach.