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Archives 01-24-2007


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Emergency workers respond to gas spill
Citizens' tips lead to recovery of property

Revenues announced for December

 

Emergency workers respond to gas spill

Beth Underwood/OCN staff
Livingston firefighters clean up after an undetermined amount of gasoline spilled onto the parking lot at Express Way on Tuesday, Jan. 16. The spill occurred when a pump nozzle failed to shut off during a fill-up. The gas pump showed that 35 gallons had been pumped out, but the exact amount of gas that spilled onto the ground could not be determined. Immediately after the incident occurred, members of Overton County Homeland Security, Livingston Fire Department, Livingston Police Department and Overton County EMS responded to the call. Tennessee Emergency Management Agency was notified as well, although it was determined they were not needed on the scene. The store's owner, Jack Patel, poured water onto the gas spill prior to the arrival of emergency responders, and the product made entry into the storm drain. But the LEL reading was negative. Responders, who arrived on-scene about 12:45 p.m., worked for more than 2 hours to clean up the spill, pouring oil dry over the areas to soak up the gas before sweeping it up.

 

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Citizens' tips lead to recovery of property

Approximately $3,000 in stolen tools were recovered Thursday, Jan. 18 through the combined efforts of Overton County Sheriff's Department and Livingston Police Department. According to reports, the joint investigation into burglaries in the city and county led to a series of suspects. After interviews were conducted, the tools were recovered. In addition, a case was solved in which copper had been stolen from the "Old Shirt Factory" building on four separate occasions. The Sheriff's Dept. report credited the recovery of the property to local citizens, "without whose information and assistance these cases would not have been broken." Cases against several individuals will be taken to the grand jury.

 

 

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Revenues announced for December

A one-time increase in franchise and excise tax collections helped put state revenues above the budgeted estimate for December and year-to-date for five months.

Finance and Administration Commissioner Dave Goetz reported that overall December revenues were $919.7 million or $113.8 million more than the state budgeted.

"While we are pleased with December collections, and where we are year-to-date, we must continue to be cautiously optimistic," Goetz said. "Typically about a fourth of total franchise and excise tax collections come in April of each year.

"The state's conservative approach to revenue estimation serves to keep spending in check and help us avoid end-of-year red ink.

December's increase in franchise and excise collections includes the result of a federal audit of three companies which caused a substantial revision of federally-recognized income, on which F&E taxes are largely based.

On an accrual basis, December is the fifth month in the 2006-2007 fiscal year.

December collections were $113.8 million more than the budgeted estimate. The general fund was overcollected by $114.1 million, and the four other funds were undercollected by $344,000.

Sales tax collections were $8.6 million less than the estimate for December.

The December growth rate was 2.69%. Accounting for $9.9 million in non-recurring audit assessments received in December 2005, the underlying growth rate for December 2006 is 4.67%. For five months revenues are undercollected by $70.4 million.

Franchise and excise taxes combined were $118.2 million above the budgeted estimate of $102.2 million. For five months revenues are overcollected by $87.3 million.

Gasoline and motor fuel collections for December increased by 1.81%, but were $591,000 below the budgeted estimate of $71.2 million. For five months revenues are undercollected by $3.7 million.

Year-to date collections for five months were $50.2 million more than the budgeted estimate. The general fund was overcollected by $50.2 million and the four other funds were even with the estimates.

The budgeted revenue estimates are based on the State Funding Board's consensus recommendation adopted by the second session of the 104th General Assembly in May of 2006.

 

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Overton County News
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Livingston' Tennessee 38570
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