Wednesday, December 8, 2010

Sales taxes exceed estimates for 8th month

Associated Press - December 8, 2010 2:45 PM ET NASHVILLE, Tenn. (AP) - Tennessee's November revenue figures show sales tax collections exceeding projections for the eighth consecutive month. Finance Commissioner Mike Morrow said Wednesday that the latest figures are indicative of "what we believe to be a slowly recovering economy in Tennessee." Morrow said sales tax collections were $15 million more than the estimate for November. The State Funding Board was to meet Wednesday to discuss revenue estimates. Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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