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Archives 07-23-2008

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Kristen Williams crowned Fairest of Fair
Sales Tax Holiday set for August 1-3
OCN wins awards in state press contest

June tax collections below budget

Kristen Williams crowned Fairest of Fair

Dewain E. Peek/OCN staff
Winners in the Overton County Fairest of the Fair Pageant held Saturday, July 19 are, from left, 1st Runner-Up Jessica Whitney Norrod, daughter of Kenny and Melanie Norrod, 2008 Fairest of the Fair Kristen Williams, daughter of Jennifer Williams and Scott and Kelly Williams, 2nd Runner-Up and Miss Photogenic Keelyn Danielle Boles, daughter of Mark Boles and Roxanne Rector, congratulated by 2007 Fairest of the Fair Whitney Lachele Sells, and, back row, Tonya Hill, representing scholarship sponsor Bank of Overton County, Fair Board President David Robbins, and Michelle Watson, representing pageant sponsor Livingston Regional Hospital. Williams was also named Best Dressed and Miss Congeniality.





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Sales Tax Holiday set for August 1-3

Tennessee’s third annual August Sales Tax Holiday, which gives back-to-school shoppers the opportunity to purchase certain clothing, school and art supplies, and computers free of Tennessee sales tax, will begin on Friday, Aug. 1.

Governor Phil Bredesen said, “Getting ready to go back to school is a busy, important time for families to prepare their children for success. This Sales Tax Holiday is an opportunity for families to enjoy savings on those items that kids need to be ready for a successful school year.”

The long weekend of savings begins at 12:01 a.m. Friday, Aug. 1 and ends Sunday, Aug. 3, at 11:59 p.m. The state’s dedicated Sales Tax Holiday website, www.tntaxholiday.com, has been updated with new materials, including information about exempt items and frequently.

During the designated 3-day weekend, consumers may purchase select clothing with a price of $100 or less per item, school and art supplies with a price of $100 or less per item, and computers with a price of $1,500 or less without paying Tennessee’s state and local sales tax on the items.

The tax holiday also includes purchases of qualified items sold via mail, telephone, e-mail or internet if the customer orders and pays for the item and the retailer accepts the order during the exemption period for immediate shipment, even if delivery is made after the exemption period.

Visit the Sales Tax Holiday website at www.tntaxholiday.com to learn more about the items exempt from sales tax. Tennessee Department of Revenue also offers assistance to consumers via e-mail at Salestax.Holiday@state.tn.us and through its toll-free statewide telephone hotline at (800) 342-1003. The staff is available to answer questions Monday through Friday 7 a.m. to 5 p.m. Central Time.

Examples of exempt items include the following:
Clothing – Shirts, dresses, pants, coats, gloves and mittens, hats and caps, hosiery, neckties, belts, sneakers, shoes, uniforms whether athletic or non-athletic and scarves

School Supplies – Binders, book bags, calculators, tape, chalk, crayons, erasers, folders, glue, pens, pencils, lunch boxes, notebooks, paper, rulers, and scissors.

Art Supplies – Clay and glazes; acrylic, tempera, and oil paints; paintbrushes for artwork; sketch and drawing pads; and watercolors.

Computers – Central processing unit (CPU), along with various other components including monitor, keyboard, mouse, cables to connect components and preloaded software. While the CPU may be purchased separately, other items must be part of a bundled computer package in order to be eligible.

 

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OCN wins awards in state press contest



Dewain Peek accepts the 1st place award for Best Single Advertisement presented by Hank Dye, UT vice president for public and government relations, at the 2008 University of Tennessee-Tennessee Press Association State Press Contests awards luncheon.

Overton County News won four awards in the 2008 Tennessee State Press Contest, sponsored by University of Tennessee and Tennessee Press Association. Awards were presented at a luncheon at Millennium Maxwell House Hotel in Nashville on Friday, July 18.

OCN won 1st place in the Best Single Advertisement category. The advertisement was judged against all other entries from non-daily newspapers across the state. The winning ad from OCN was “Santa’s Home Office” for American Bank & Trust.

OCN Advertising Director Darren Oliver said, “Taking the top award for the second straight year is a great honor. I strive to give our advertisers ads that give them positive results. Being recognized by our peers is just icing on the cake.”

Overton County News won an award in the Best Personal Humor category. Bob placed 3rd place for a “North County Lines” in which Debbie sent him to the store.

He said, “Congratulations to my readers for 16 years of sticking with me.”
On the judge’s critique sheet, the judge wrote, “Bob’s column flowed very well. I could put myself going with him for the road trip with his simple, yet effective descriptions. Very entertaining!”

OCN placed 4th in Best Personal Column for a “North County Lines” by Bob from December 19, 2007.

“Congratulations to Mom for teaching me the value of words,” Bob said.

The judge’s critique stated, “A solid recounting of a personal experience.
Good use of humor to relieve intensity.”

OCN took 5th place in Best Feature Photograph for a photo by Dewain E.
Peek with a Livingston cruise-in reflected in a hubcap.

Peek said, “I have received many comments about that picture. The trick with reflection photos is keep your own reflection out of it.”

In all but the Best Single Advertisement category, Overton County News competed in Group II, which is for non-daily newspapers with a circulation of 5,001 to 15,000.

Nebraska Press Association judged a total of 1,394 Tennessee Press Association contest entries from 77 association papers this year. UT has co-sponsored the annual contest since 1940.

A complete list of winners is available by visiting http:// www.utk.edu/news/docs/tpa2008.pdf.

 

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June tax collections below budget

Tax collections for June continued to underperform, with a negative growth rate in sales taxes and declining corporate taxes.

Finance and Administration Commissioner Dave Goetz reported Monday, July 14 that overall June revenues were $1.19 billion or $62.5 million less than the state budgeted.

“While we may continue to experience flat or negative growth rates this summer and into the fall or longer, we’ve taken the steps necessary to keep our budget in balance and guard against a state fiscal crisis,” Goetz said.

“By reducing recurring expenditures, maintaining our record savings, and adjusting the budget to reflect revenue expectations, we’re in a good position to make it through predicted economic conditions.”

On an accrual basis, June is the 11th month in the 2007-2008 fiscal year.

The general fund was under collected by $60.4 million, and the four other funds were under collected by $2.1 million.

Sales tax collections were $31.7 million less than the estimate for June. The June growth rate was negative 1.45%. For 11 months, revenues are undercollected by $204.5 million. The year-to-date growth rate for 11 months was 0.88%.

Franchise and excise taxes combined were $28.0 million below the budgeted estimate of $305.2 million. For 11 months, revenues are undercollected by $164.6 million.

Inheritance and estate tax collections were $2.6 million above the June estimate. For 11 months, collections are $11.2 million above the budgeted estimate.

Tobacco tax collections were $6.3 below the budgeted estimate of $34.6 million. For 11 months, revenues are undercollected by $68.6 million.

Gasoline and motor fuel collections for June decreased by 0.53%. For 11 months, revenues are over collected by $11.9 million.

Year-to-date collections for 11 months were $433.6 million less than the budgeted estimate. The general fund was undercollected by $444.7 million, and the four other funds were overcollected by $11.1 million.

The budgeted revenue estimates are based on State Funding Board’s consensus recommendation adopted by the first session of the 105th General Assembly in June of 2007. The revised estimates for this fiscal year as presented in the 2008-2009 Budget Document assume an undercollection in the general fund in the amount of $180.0 million, and a shortfall of in total tax collections of $165.4.

The State Funding Board met April 29 and May 1 and adopted revised revenue growth ranges for the current fiscal year ranging from 0.25% to 1.00% for total taxes and -0.50% to 0.25% in general fund taxes. These revised ranges recognize a revenue shortfall in total taxes from the original budgeted estimate in the amount of $562.8 million at the low end to $479.9 million at the high end. The ranges for the general fund recognize a shortfall of $564 million at the low end to $494.5 million at the high end.





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Overton County News
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Livingston' Tennessee 38570
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Obituaries
01-02-2008
01-09-2008
01-16-2008
01-23-2008
01-30-2008
02-06-2008
02-13-2008
02-20-2008
02-27-2008
03-05-2008
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06-25-2008
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Sports
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02-06-2008
02-13-2008
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03-05-2008
03-12-2008
03-19-2008
03-26-2008
04-02-2008
04-09-2008
04-16-2008
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04-30-2008
05-07-2008
05-14-2008
05-21-2008
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06-04-2008
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06-25-2008
07-02-2008
07-09-2008
07-16-2008
07-23-2008


   
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