TN: Taxes post largest growth since 2006

posted by
October 11, 2011
The Tennessean    
Posted in News, PND News

"An 8.3 percent growth rate in Tennessee’s monthly sales tax collections marks the state’s highest rate since January 2006. The state Finance Department said in a release Monday that the state collected $555 million in sales taxes in September, which reflects economic activity in the previous month. That’s nearly $13 million more than projected. But corporate franchise and excise taxes fell $16 million below the budget estimate, holding the month’s total general fund collections to just $4.5 million above projections." [editor's note: One must remind those who may not know; this is about more "consumption fees" being collected, not income taxes rising (of which Tenn. has none, thanks to local libertarians, among others) - SAT] [additional editor's note: Consumption of what? -TLK] (10/11/11)


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