Tennessee’s sales tax collections dropped slightly last month, even though those figures reflect holiday shopping that took place in December.
Post Tagged with: "Mark Emkes"
Despite slowing tax collections in recent months, the state’s top finance official is using rosy projections to put together next year’s budget.
The nation’s bond rating agencies want to know how well Tennessee can ride out changes to the federal budget. The potential Congressional cuts knows as “sequestration” loomed over meetings with the agencies this week.
Tennessee’s top finance official says he is encouraged that most lawmakers in Washington are now saying the country must avoid default. But Finance Commissioner Mark Emkes says a hiccup in the flow of federal funding would require immediate state budget reductions.
State officials say Tennessee’s revenues continued to climb in May.
The head of Nashville-based Bridgestone Americas works his last day on the job Friday. CEO Mark Emkes has spent 33 years with the tire manufacturer and says he’s had to make the most difficult decisions of his career over the last two years.
The CEO of Bridgestone Americas told Nashville business leaders this week his company will maintain sponsorships of high-profile sporting events, even despite drastic cost-cutting and layoffs.