THINK ABOUT THIS. IF YOU WERE ON THE EAST COAST THIS WEEK, CHANCES ARE YOUR ELECTRICITY IS OFF AND YOUR SMART PHONE IS NOT WORKING. CELL SERVICE AND INTERNET IS INTERRUPTED FOR MANY. THE ONE THING THAT DOES RELIABLY WORK IS THE RADIO. YES, YOUR RADIO STATION IS ON THE AIR GIVING EMERGENCY INFORMATION AND HELPING YOU FIND NEEDED SERVICES. THE “APP” DOES NOT WORK BECAUSE THE INTERNET IS DOWN. IF YOUR SMART PHONE HAD A RADIO IN IT YOU COULD HEAR THE RADIO STATION. MANY SMART PHONES DO HAVE RADIOS IN THEM. NEXT TIME YOU BUY A SMART PHONE, ASK FOR ONE THAT HAS A “REAL” RADIO IN IT…AN APP IS NOT A REAL RADIO IN AN EMERGENCY. ASK FOR A SMART PHONE WITH A REAL RADIO IN IT . THIS MESSAGE IS BROUGHT TO YOU BY THIS RADIO STATION BECAUSE WE CARE ABOUT YOUR SAFETY. RADIO WORKS WHEN ALL OTHER COMMUNICATIONS GO DOWN. KEEP YOUR RADIO ON AND HANDY..!
STATE OF TN SEPTEMBER UNEMPLOYMENT RATE 8.3 PERCENT
STATE UNEMPLOYMENT RATE DECREASES TWO-TENTHS OF A PERCENTAGE POINT
NASHVILLE – Tennessee Commissioner of Labor & Workforce Development Karla Davis announced today Tennessee’s unemployment rate for September decreased to 8.3 percent, down from the August revised rate of 8.5 percent. The national unemployment rate for September 2012 was 7.8 percent, 0.3 percentage point lower than the August rate.
Economic Summary:
- Tennessee’s September unemployment rate is the lowest rate since June.
- Over the past year, Tennessee’s unemployment rate declined from 9.1% to 8.3% (-0.8 percentage point), while the national rate declined from 9.0% to 7.8% (-1.2 percentage points).
- Total nonfarm employment increased 3,300 jobs from August to September, with increases in government and education/health services. There were declines in trade/transportation/utilities and accommodation/food services.
Over the year, nonfarm jobs increased 20,400, with increases in manufacturing and education/health services. There were declines in trade/transportation/utilities and financial activities.
State Of Tennessee Reveune Report July 2012
NASHVILLE – Tennessee revenue collections continued their upward trend in July, but at a much slower pace compared to recent months. Finance and Administration Commissioner Mark Emkes today announced a net positive growth of 4.46% over July collections of one year ago. Overall July revenues were $880.9 million, which is $9.9 million more than the state budgeted.
July marks the 12th consecutive month this year in which total collections have exceeded the budgeted estimates. July sales tax collections represent consumer spending that took place in the month of June.
“We continue to believe the growth in sales and corporate tax collections indicates a very slow economic recovery in Tennessee, but we also continue to see mixed results at the national level,” Emkes said. “The latest published leading economic indicators show that the U.S. economy decelerated in the second quarter, which causes concern at the state level.
“We’ll close fiscal year 2012, which ended June 30, with a revenue surplus which will help maintain a balanced budget in fiscal 2012-2013.”
On an accrual basis, July is the twelfth month in the 2011-2012 fiscal year.
The general fund was over collected by $2.7 million, and the four other funds were over collected by $7.2 million.
Sales tax collections were $14.7 million more than the estimate for July. The July growth rate was 3.30%. For twelve months revenues are over collected by $241.8 million. The year-to-date growth rate for twelve months was positive 6.57%.
Franchise and excise taxes combined were $0.8 million under the budgeted estimate of $55.5 million. The growth rate for July was positive 8.64%. For twelve months revenues are over collected by $308.2 million and the year-to-date growth rate was positive 22.26%.
Inheritance and estate tax collections were $10.1 million below the July estimate. For twelve months collections are $37.9 million above the budgeted estimate.
Privilege tax collections were $1.1 million above the July budgeted estimate. For twelve months collections are $9.0 million more than the budgeted estimate, and the year-to date growth rate was positive 11.71%.
Business tax collections were $1.0 million less than the July estimate. Year-to-date collections for eleven months are $15.9 million below the budgeted estimate.
Tobacco tax collections were $2.6 million below the budgeted estimate of $25.9 million. For twelve months revenues are under collected by $18.5 million.
Gasoline and motor fuel tax collections for July were over collected by $3.4 million. For twelve months revenues are under collected by $5.1 million.
All other taxes for July were over collected by a net of $5.2 million.
Year-to-date collections for twelve months were $563.8 million more than the budgeted estimate. The general fund was over collected by $543.0 million and the four other funds were over collected by $20.8 million. The FY 2012 revised budget assumed an over collection of $209.6 million in General Fund Taxes. Therefore, the amount over collected above and beyond what’s already in the budget is $333.4 million ($543.0 million minus $209.6 million).
The budgeted revenue estimates for 2011-2012 are based on the State Funding Board’s consensus recommendation of April 15, 2011 and adopted by the first session of the 107th General Assembly in May. They are available on the state’s website at http://www.tn.gov/finance/bud/budget.shtml.
The State Funding Board met on December 9th and 14th to hear updated revenue projections from the state’s various economists. The board met again on December 19th and adopted revised revenue ranges for 2011-2012. The revised ranges assume an over collection of $187.8 million to $220.5 million in total taxes and $177.0 million to $209.6 million in general fund taxes from the fiscal year 2011-2012 budgeted estimate. The revised estimates are reflected on pages A-74 and A-76 in the 2012-2013 Budget Document.
Year-to-date collections for 2011-2012 are subject to final accrual adjustments.
Marshall County Sports
Marshall County Lawyer Censured by the Supreme Court of Tennessee
On July 19, 2012, Thomas Andre Davidson, an attorney licensed to practice law in Tennessee, recieved a Public Censure from the Board of Professional responsibility of the Tennessee Supreme Court.
In the representation of an estate client, Mr. Davidson failed to review a prenuptial agreement which later significantly impacted the estate. After the client died, Mr. Davidson tore up the third codicil to the will but kept a copy. He submitted the will and first two codicils to probate without informing the court of the third codicil. He informed his client’s wife that the third codicil had been revoked. He attended a hearing on the estate and did not inform the court of the third codicil. Mr. Davidson later produced the copy of the codicil to the Court and all parties.
By the aforementioned acts, Thomas Andre Davidson has violated rules in effect at the time of his actions, Disciplinary Rules 1-102 (Misrepresentation), 6-101 (Competence), 7-101 (Diligence), 7-102 (False Statement of Fact), and 7-106 (Violation of Rule of Procedure) and is hereby Publicity Censured for this violation.
A Public Censure is a rebuke and warning to the attorney, but it does not affect the attorney’s ability to practice law.
