Finance and Administration

October Revenues

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.

Tennessee Receives National Award for Excellence in Budget Preparation

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.

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

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. 

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

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.

August Revenues

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.  

Deputy Commissioner Stephen Norris Announces Retirement

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.

July Revenues

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.

Recovery Act Brings $56 Million to Tennessee for Criminal Justice Programs

NASHVILLE - Governor Phil Bredesen today announced that grants totaling over $56 million are being awarded to cities and counties, state and local agencies and organizations that serve victims of crime in Tennessee through funding provided by the American Recovery and Reinvestment Act (ARRA).   

“These Recovery Act grants will have a significant impact across Tennessee, especially among local law enforcement agencies that are feeling the impact of the economic downturn,” Bredesen said. “I applaud local organizations for moving quickly to apply for these grants, which improve the criminal justice system by combating violent and drug-related crime and also bring together law enforcement, service programs, prosecutors and the courts to make sure victims and justice are served.”

June Revenues

NASHVILLE - State tax revenues continued to decline in June for the eleventh consecutive month of the fiscal year, Finance and Administration Commissioner Dave Goetz announced today. Tennessee sales tax collections have experienced negative growth for 16 of the past 18 months, when compared to the year before.

May Revenues

NASHVILLE - The decline in state tax collections continued for a tenth consecutive month in May, as overall May revenues were $716.5 million, or $123.3 million less than the state budgeted.  May also marks the fifteenth month of negative growth for sales tax collections in the past 17 months.

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