The Fiscal Review Committee of the TN General Assembly held hearings on November 12 and 13 to examine the fiscal status of Tennessee's economy. I'm very greatful that Chairman Charles Curtiss invited cities and counties to present on the second day of the hearings regarding how the economy is affecting local governments in Tennessee. Chad Jenkins with the Tennessee Municipal League and myself made presentations to the committee and took questions. You can find a copy of my presentation here:
http://www.tncountycommissioners.org/files/Fiscal_review_presentation.pdf
As more data comes in, I will try to keep this information updated. You may be particularly interested in slides 5 and 6 of the presentation which show how local option sales tax collections performed for counties for the fiscal year ending June 2008 and for the first quarter of the curent fiscal year. Unfortunately the trend is not good.
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