August State Revenues Exceed Expectations

Wednesday, September 19, 2018

Tennessee revenues were more than the budgeted estimates for the first month of the state’s fiscal year.  Finance and Administration Commissioner Larry Martin Wednesday reported that overall August revenues were $1.05 billion, which is $71.5 million more than August 2017, and $34.4 million more than the budgeted estimates. The growth rate for all taxes in August was 7.29 percent. 

“August revenues have exceeded expectations and demonstrate the continued strength of the Tennessee economy,” Commissioner Martin said.  “Sale and use tax receipts, reflecting July consumer sales activity, motor vehicle registration and business tax receipts all posted growth that contributed to the state outperforming its budgeted estimate.  However, franchise and excise taxes and gross receipts fell short of their respected estimates and offset some of the positive advancement.

“August numbers are a positive start to Fiscal Year 2019. Given that we are in one of the longest economic expansions in history, we will continue to monitor economic activity and revenue trends.”

General fund revenues were $14.4 million more than the August estimate. The four other funds that share in state tax revenues were $20 million more than the estimates.

Sales tax revenues were $18.3 million more than the estimate for August. The August growth rate was positive 6.11 percent. 

Franchise and excise taxes combined were $4.5 million less than the budgeted estimate of $37.4 million. 

Gasoline and motor fuel revenues increased by 9.19 percent from August of 2017, and were $5.3 million more than the budgeted estimate of $96.2 million.  

Business tax revenues were $4.9 million more than the August estimate of $4.9 million. 

Tobacco tax revenues for the month were less than budgeted estimates by $1.0 million. 

Privilege tax revenues for August were $0.9 million more than the estimate. 

Motor vehicle registration revenues were $11.8 million more than the August estimate. 

Gross Receipts tax revenues for August were $2.6 million less than the budgeted estimate of $13.4 million. 

All other tax revenues exceeded budgeted estimates by a net of $1.3 million. 

The budgeted revenue estimates for 2018-2019 are based on the State Funding Board’s consensus recommendation of Nov. 27, 2017 and adopted by the second session of the 110th General Assembly in May 2018. Also incorporated in the estimates are any changes in revenue enacted during the 2018 session of the General Assembly. These estimates are available on the state’s website at

Enrollment Period Announced For Monthly Payment Program For Bradley County Property Taxes

Bradley County Trustee Mike Smith has announced the enrollment periods for the 12-month payment program for property taxes. The program for the 2019 property taxes will have the first payment due on March 15, 2019. Enrollment for the monthly payment program is currently open through Dec 7. An additional enrollment period will be from Jan. 3, 2019, through Feb. 8, 2019. ... (click for more)

Tennessee September Revenues Exceeded Budgeted Estimates

Tennessee revenues exceeded budgeted estimates for September. Finance and Administration Commissioner Larry Martin Thursday reported that overall September revenues were $1.4 billion, which is $63.4 million more than September of last year and $53.3 million more than the budgeted estimate. The growth rate for September was 4.66 percent. "September sales tax receipts continue ... (click for more)

Charles Pipkens, Lajeromeney Brown Arrested In Series Of Violent Home Invasions In Which Robbers Posed As Police

Chattanooga Police have arrested Charles Dijon Pipkens and Lajeromeney Brown in connection with a series of violent home invasions in which the suspects told their victims they were Chattanooga Police officers.. Pipkens, 27, was charged in an Aug. 11 case and Brown, 40, in an incident on Sept. 19. Pipkens, of 434 N. Hickory St., is charged with two counts of aggravated kidnapping, ... (click for more)

Fairyland PTO Says It Can't Get Help From Walker County Schools And Board For Cafeteria Woes

Officials of the Fairyland Elementary School PTO said in recent months, the Fairyland Elementary School cafeteria "has effectively been shut down due to equipment (which broke in June) and consequent staffing issues." The group said, "As it stands now, all food is 'satellited' in from Ridgeland High School to Fairyland Elementary School for all meals including breakfast, lunch ... (click for more)

Drink Up, Chattanooga

I attended the meeting to discuss the placement of the sewage treatment plant at the Cambridge Center in Ooltewah today. My problem with the meeting (aka) dog and pony show, is that the meeting started out with the agenda of the Ooltewah Community Council.  After living in this area for 45+ years I have never heard of this group.  I would like for someone to answer ... (click for more)

Roy Exum: The Saturday Funnies

The reviews are good after we initiated “The Funny Video of the Week” but today let me take the liberty of sharing an oldie that I consider the funniest of all time. Please be aware the principals are speaking Polish, which you also need to know makes not a bit of difference. I have watched “The Polish Spoon Trick” at least 50 times because every time I watch the video it makes ... (click for more)