Tuesday, February 13, 2007

$85 million State Surplus thru 6 months


NASHVILLE, Tenn. Tennessee collected one (b) billion dollars in taxes in January, about 35 (M) million dollars more than expected.

The increased tax collections were driven by nearly 14 (M) million dollars more in corporate franchise and excise taxes than expected.
The state collected 85 (M) million dollars more than expected in the first six months of the budget year that began July 1st.