State tax collections improve

State tax collections improve

Posted: Monday, May 14, 2012 9:17 pm

NASHVILLE (AP) — The state has collected $190 million more than budgeted so far this fiscal year.
Finance and administration officials reported last week that April collections were 9.6 percent over those in April a year ago. The figure was $1.4 billion, or $83 million more than budgeted.
Sales tax collections for April recorded their 25th straight month of growth dating back to April 2010.
On an accrual basis, April is the ninth month in the fiscal year that ends on June 30.
General fund collections beat projections by $83 million in April and by $400 million for the year. The revised 2011-2012 budget assumed an overcollection of $210 million for the year.

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