• March Revenues

    Tuesday, April 13, 2010 | 10:22am

    NASHVILLE – Tennessee revenue collections continued to fall short of budgeted estimates in March. Finance and Administration Commissioner Dave Goetz reported today that overall March revenues were $776.5 million, which is $11.7 million less than the state budgeted.

    “This marks the 22nd consecutive negative growth month for sales tax collections out of the last 27 months, starting with January 2008,” Goetz said.  “Sales tax collections seem to reflect a degree of renewed consumer confidence, but revenues continue to lag below projections. Until we see clear signs that the economy is recovering we will continue to make budget decisions based on what we’re experiencing in Tennessee.”

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  • February Revenues

    Tuesday, March 09, 2010 | 8:47am

    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.”

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  • January Revenues

    Wednesday, February 10, 2010 | 8:05am

    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.

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  • Veteran Executive Named to Head Division for Intellectual Disabilities Services

    Wednesday, January 27, 2010 | 7:51am

    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.

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  • December Revenues

    Wednesday, January 13, 2010 | 5:15am

    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.

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  • Tennessee Awarded $1.8 Million in ARRA Funding for Broadband

    Wednesday, December 23, 2009 | 7:14am

    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).

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  • Recovery Act Management Chief Named "Administrator of the Year"

    Wednesday, December 16, 2009 | 7:26am

    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.

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  • November Revenues

    Monday, December 14, 2009 | 6:44am

    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.

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  • October Revenues

    Tuesday, November 10, 2009 | 5:23am

    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.

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  • Tennessee Receives National Award for Excellence in Budget Preparation

    Wednesday, October 28, 2009 | 10:04am

    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.

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  • State's First ARRA Reporting Complete Detailing Funding, Jobs Data

    Monday, October 12, 2009 | 10:07am
    NASHVILLE – Tennessee has successfully met its first federal reporting requirements for funds that have flowed to or through the state under the American Recovery and Reinvestment Act (ARRA). The Recovery Act is providing states with more than $246 billion of a total $787 billion made available to create and retain jobs, invest in infrastructure and speed economic recovery. Tennessee was allocated a total of $5.6 billion; the state reported on $214.9 million spent by the state through Recovery Act grants through September 30, 2009. 

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  • Federal Court Ruling Means More Funds to State Services for People with Intellectual Disabilities

    Friday, October 02, 2009 | 11:14am

    NASHVILLE – A federal court ruling involving the Arlington Developmental Center near Memphis will mean more federal money for services to people with intellectual disabilities in Tennessee. The U.S. District Court for the Western District of Tennessee granted a state motion that will result in an additional $38 million that can be budgeted for medical services through the Division of Intellectual Disabilities Services (DIDS) and TennCare.

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  • August Revenues

    Friday, September 11, 2009 | 6:58am

    NASHVILLE – State tax collections again fell below budgeted estimates in August, with sales tax collections recording negative growth for 18 of the last 20 months. Finance and Administration Commissioner Dave Goetz reported today that overall August revenues were $726.9 million, which is 5.74% below collections for August 2008.  

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  • Deputy Commissioner Stephen Norris Announces Retirement

    Friday, August 21, 2009 | 11:35am

    NASHVILLE – Stephen Norris, Deputy Commissioner for the Tennessee Division of Intellectual Disabilities Services (DIDS), announced today that he will retire from state government on September 30, 2009. The agency is responsible for providing services to Tennesseans with intellectual disabilities. 

    “It has been a privilege for me to be able to serve as Deputy Commissioner of the Division of Intellectual Disabilities Services for the past six years," Norris said. "Thanks to the commitment and support of this administration, we have made great strides in improving and increasing services for individuals with intellectual disabilities in Tennessee.

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  • July Revenues

    Wednesday, August 12, 2009 | 3:36am

    NASHVILLE – State tax revenues continued to decline in July, making it the first time in Tennessee history the state has experienced a full year of negative growth.  Finance and Administration Commissioner Dave Goetz today reported July revenue collections, pointing to sales tax collections which have experienced negative growth for 17 out of the past 19 months when compared to the year before.

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