state budget

Tennessee's sales tax revenues grew 6.5 percent in the first quarter of the budget year, and general fund collections are $57 million above projections.

Sales taxes account for nearly two out of every three dollars collected for the state's general fund. October sales tax collections, which reflect economic activity in the previous month, came in at nearly $16 million above projections.

State Finance Commissioner Mark Emkes says that the growth of sales tax collections is the "best indicator of economic recovery."  

State Budget Hearings Hit the Road

Oct 27, 2011

(AP) Gov. Bill Haslam says he’ll hold public budget hearings outside the Capitol for the first time when he begins the annual review at the University of Memphis this coming Wednesday.

The governor says he’ll also hold hearings in Knoxville, as well as at the usual site at the state Capitol. Haslam announced the changes in a video posted on YouTube yesterday.

The Governor says his goal is to assemble a budget proposal that can pass unanimously in the General Assembly, just as his first annual spending plan did back in May.