Most Active Stories
- [Slideshow: Afternoon Photos Added] Early Morning Fire on Murray Court Square
- Murray Downtown Fire: Gutted Buildings Likely to be Razed
- Sixth-Grader's Science Project Catches Ecologists' Attention
- Hemp Oil Not a Source of CBD Which Could Be Used in Epilepsy Treatments
- DOE Awards Fluor $420M Contract for Paducah Gaseous Diffusion Plant Decommission and Decontamination
Tue December 10, 2013
Haslam Confident In TN Economy
The Tennessee State Funding Board will meet on Tuesday to hear economists' revenue estimates for the upcoming budget year.
Following their predictions, the governor selects a number within the range in constructing the budget. Last month, finance officials reported that the state's general fund revenues fell $97 million short of projections in the first quarter of the state's budget year.
Corporate franchise and excise tax collections came in at $352 million, or $87 million below the budgeted estimate, and a 14% drop from the same year-ago period.
Gov. Bill Haslam says that preliminary numbers for Thanksgiving sales were "mediocre."
However, despite the numbers, he says he still has confidence in the state's economy.