Bad news: Tennessee tax collections UP by $239 million

Tennessean ^ | 11/14/2002 | By DUREN CHEEK

[Blood of Tyrants]

State tax collections are running almost $16 million below estimates this fiscal year, but state Finance Commissioner C. Warren Neel said yesterday he sees no cause for alarm.

October revenues, which included new revenue collected under a $933 million tax package that raised consumer sales and business tax rates, were $26.2 million below estimates. The legislature approved the package July 3.

[Blood of Tyrants]

Talk about putting negative spin on positive news. This "news article" is one of the most slanted pieces I have ever read and is no doubt paving the way for our new Rat governor-elect to start hinting about "tax reform". It seems the people of Tennessee didn't learn a damned thing from the past 4 years.

[Blood of Tyrants]

For your reading pleasure.

[lds23]

Kinda like (but in reverse) the carpenter who says "I cut it twice and it's STILL too short"

"I keep raising taxes but it STILL doesn't stimulate economic activity"

[GailA]

Thanks BOT I heard Gill talking about it this morning..before I scooted out the door to Goldsmith's to help the economy..got some really good buys..Hilfiger, and Polo T shirts for under $8 bucks for my 21 & 32 year old for Christmas, found Hubby some Dockers for under $14.98 with the 20% off passport. LOVE bargains.