TN.gov Newsroom

NASHVILLE – State revenue collections once again fell short of budgeted estimates last month. Overall February revenues were $638.9 million, which is $47.1 million less than the state budgeted.

“This entire fiscal year has brought us negative growth in the sales tax, which is almost two-thirds of our revenue,” Finance and Administration Commissioner Dave Goetz said.  “Moreover, the running total is now 21 consecutive months of negative growth in sales tax collections since January 2008, when the downward economic spiral began for us in Tennessee.”

NASHVILLE – Tennessee sales tax collections continue to be a concern for the state’s general fund. Negative growth in sales tax collections continued in January, with overall January revenues coming in at $947.4 million, which is $16.1 million less than the state budgeted.

NASHVILLE – A seasoned professional with more than 30-years of leadership in the field of intellectual disabilities - including a previous appointment in Tennessee - has been named to head the state’s division that oversees those services.  James Finch is currently the superintendent at a resource center for the State of Iowa, and will assume duties of Deputy Commissioner in the department of Finance and Administration, as the agency director for the Division for Intellectual Disability Services (DIDS) beginning March 1, 2010.

NASHVILLE – The state’s fiscal year continues its trend of negative tax revenue growth, with tax collections falling below budgeted estimates again in December. Finance and Administration Commissioner Dave Goetz today announced that state revenue collections for December – reflecting November retail sales activity - were $766.7 million, which is $54.2 million less than the state budgeted.

NASHVILLE –Tennessee will receive $1.8 million in federal funding for broadband mapping and planning in an effort to increase the availability and use of high-speed Internet service in the state.  The American Recovery and Reinvestment Act (ARRA) matching grant is awarded by the U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA).

NASHVILLE –Tennessee Recovery Act Management Office administrator Mike Morrow has been named Administrator of the Year by the Tennessee Chapter of the American Society for Public Administration (ASPA).  The award is given each year to the Tennessee administrator who has made a significant impact during the past year on his or her organization and the landscape of Tennessee administration.

NASHVILLE – State tax collections fell below budgeted estimates in November, for the fourth consecutive month of the fiscal year that began on July 1, 2009.   Finance & Administration Commissioner Dave Goetz today announced that state revenue collections for November were $708.2 million, which is 0.52% below November 2008 collections.  November collections reflect consumer spending in October.

NASHVILLE – For the third consecutive month in the fiscal year that began July 1, state tax collections fell below budgeted estimates.  Finance & Administration Commissioner Dave Goetz today announced that state revenue collections for October were $698.2 million, which is 1.53% below October 2008 collections.  October collections reflect consumer spending in September.

NASHVILLE – For the 12th consecutive year, the State of Tennessee has received a national award for its annual state budget document.  The Government Finance Officers Association (GFOA) presented the Distinguished Budget Presentation Award to the Division of Budget in the Department of Finance and Administration for fiscal year 2009-2010.  It’s the 17th year the state has received the award.