Tennessee revenue collections continued an upward growth trend in April, with a net positive growth of 9.67% over April collections one year ago. Finance and Administration Commissioner Mark Emkes reported this month that overall April revenues were $1,386.4 million or $82.8 million more than the state budgeted.
“Sales tax collections recorded the 25th consecutive month of positive growth dating back to April of 2010,” Emkes said. “In addition, corporate Franchise and Excise tax collections continue to be very encouraging, but the Hall Income Tax recorded a negative growth over last April and fell considerably short of the budgeted estimate.
Sales tax collections were $42.9 million more than the budgeted estimate for April. The April growth rate was positive 8.77%. For nine months revenues are over collected by $183.4 million. The year-to-date growth rate for nine months was positive 7.26%.
Hall Income tax collections for April were $15.7 million less than the budgeted estimate. For nine months collections are $18.1 million below the budgeted estimate. The growth rate for the nine month period was negative 4.41%.
Of note to County Highway Departments, gasoline and motor fuel collections for April decreased by 4.07%, and were $2.7 million less than the budgeted estimate. For nine months revenues are negative 1.03%, and $6.4 million below the budgeted estimate of $625.9 million.
From all sources, year-to-date collections for nine months were $412.9 million more than the budgeted estimate. The general fund was over collected by $400 million and the four other funds were over collected by $12.9 million.
Tuesday, May 22, 2012
CTAS Updates Model Debt Policy
The UT County Technical Assistance Service has recently updated its guidance for county debt policies. The revised memorandum is available at the CTAS website: http://www.ctas.tennessee.edu/ under the news and featured items. Beginning January 1, 2012, the Tennessee State Funding Board requires counties issuing debt to have adopted a written debt management policy that complies with certain minimum requirements. The 43 page memorandum on the CTAS website will help any county that has not already adopted its policy.
TBI Releases Crime in Tennessee and School Crime Reports
The Tennessee Bureau of Investigation recently released the "Crime in Tennessee 2011" report which showed a 1.7% decrease in overall crimes reported in Tennessee in 2011 compared with 2010. This is third year in a row that reported offenses decreased when compared with the previous year. The full report is available for download on-line at:
http://www.tbi.tn.gov/tn_crime_stats/publications/Crime%20in%20Tennessee%202011.pdf
For the 2011, the largest majority of crimes reported were committed against property at more than 58% which is a decrease of 2.5% from the previous year. Crimes against persons also decreased approximately 2%, however, crimes against society increased 3%. Overall, Tennessee has seen crime drop a total of 4.6% since 2009.
In addition, the TBI has also released its special study on crime in Tennessee's schools. Produced by TBI's Crime Statistics Unit, the study spans a three-year period between 2009 and 2011 This report is the second of its kind, following up on the state's first ever school crimes study released in May of 2009.
The reported number of crimes that occurred at schools decreased by 5.5% from 2010 to 2011 with an overall decrease of 6.7% between 2009 and 2011. There were 12,435 crimes reported at schools in 2011 compared to 13,155 in 2010.
The 33 page full report on School Crime can be accessed here:
http://www.tbi.tn.gov/tn_crime_stats/documents/SchoolCrimeStudy2011_FINAL.pdf
It profiles both the offenders and victims of the crimes on school campuses and discusses the involvement of weapons, drugs and alcohol and gangs.
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