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More Accolades for Nashville


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Nashville's 4th of July Celebration to return to WKRN News 2.

http://www.bizjournals.com/nashville/news/2016/06/22/nashvilles-july-fourth-fireworks-return-to-tv.html


Also, Game of Thrones fan convention coming to Nashville in 2017:

http://www.reviewjournal.com/neon/the-reel/game-thrones-get-3-day-fan-convention-nashville

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This  is surely accolades for Tennessee and Nashville...well done!

$800 Million Payoff Thanks To Tennessee Tax Structure

 

"

Tennesseans have good cause to kick up their heels – and, this time, it’s not just within the confines of a Nashville honky-tonk. The Volunteer State success story has been unfolding over the years, and recent announcements out of the Tennessee Finance Department show the financial benefits of a well-informed, sound tax structure.

Last week, officials revealed the very good news that Tennessee brought in nearly $800 million more than budget estimates of tax collections during the first ten months of the fiscal year. Finance Commissioner Larry Martin lauded the unpredicted overage and, importantly, stated that the large totals owed primarily to sales-tax revenue.

For free-market economists, large corporations, and small businesses alike, sales taxes have long been the most desirable and stable form of taxation. Rather than putting a price on work – as with the most volatile and mobile of levies, income tax – sales tax is applied evenly and allows for a steady stream of tax revenue.

 

In Tennessee, the numbers tell the story. Sales tax collections are the government’s main source of revenue, and in fact totaled $33.5 million more than estimates for the month of May 2016 and 6.49 percent higher than in May 2015. For that ten-month period that the Tennessee Finance Department analyzed, sales taxes were totaling $345 million higher than estimates, and the year-to-date growth rate was a notable 7.81 percent. Even more notable: Tennessee achieves these impressive results without levying an individual income tax on its residents.

While the news from this fiscal year is more than encouraging, Tennessee’s economic ascent has been quite a few years in the making. According to individual taxpayer records from the Internal Revenue Service, between 1992 and 2014 Tennessee gained $12.36 billion in net adjusted gross income (AGI). Perhaps not surprisingly, the bulk of that wealth-migration came from states that discourage growth and innovation via prohibitively high income-tax rates; the two main income-contributors are California (which sent $1.43 billion to the Volunteer State in that 22-year span) and Illinois (which sent $1.36 billion)."

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I know how many of you feel about building more roads, but I'd love to see eight lanes on I-24 between Chattanooga and Murfreesboro.  That is such an out-of-date narrow stretch of road with the volume of traffic it sees these days. 

Edited by MLBrumby
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9 hours ago, markhollin said:

I wonder why the Tennessean chose to make the entire article about Franklin being ranked 3rd in the country for retirement.  It's like either they didn't read the rest of the list, or they don't care that Nashville and Murfreesboro are also ranked among the top 10 cities in the country for retirement.  Nashville is ranked 6th, Murfreesboro is ranked 10th.  It seems to me that a better headline would've been something like "three Midstate cities are among the top 10 in the country for retirement."

Still, this "study" seems very suspect.  For one thing, it doesn't say how it came up with this seemingly random list of 196 cities.  The only other Tennessee cities in the study are Knoxville (113th), Chattanooga (129th), and Memphis (162nd).  Popular Tennessee retirement areas like Crossville, Cookeville, and the Tri Cities aren't included.  Traditional retirement areas like Ocala and Port Saint Lucie FL aren't included, either.

And for another thing, it says that Franklin's cost of living is "low."  I guess compared to San Francisco or Boston.  I would venture to bet that the average American retiree cannot afford Franklin's posh housing costs.

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Nashville and other cities in Tennessee have been ranked among the country's "50 Great Affordable College Towns."  Cities in Tennessee on this list:

1. Cookeville

"It would be hard to find a better college education in the South than the one you would receive at Tennessee Technological University.  The U.S. News & World Report’s special “America’s Best Colleges” ranked TTU in the “Top 8 Public Schools in the South” every year from 2007- 2012, and they were mentioned as a “Top Public School in the South” in 2002, 2003, 2005, and 2006. The Princeton Review called the school a “Best College Value” in 2006 and 2007.

"The small town of Cookeville, population approximately 30,000, is an important economic contributing hub for the area, creating a micropolitan area that influences the businesses and economies of three counties."

1-Cookeville-Tennessee-e1400623451754.jp

 

4. Memphis

"In 2013, Memphis was ranked by Forbes magazine as one of the “top 15” cities in the United States. Students wishing to study pharmacology would do well to attend the University of Tennessee Health Science Center, which in 2010 was ranked 16th in the country by US News and World Report."

4-Memphis-Tennessee-e1400623267642.jpg

 

5. Murfreesboro

"In a period of only 10 years (2000 – 2010), Murfreesboro saw an amazing population boom of almost 60%, without losing those qualities that made it such a special place to live.  In 2006, Money magazine rated Murfreesboro as the 84th best place to live in the United States, out of a possible 725 cities having a population of over 50,000 residents. Similarly, even with a student enrollment of over 24,000, Middle Tennessee State University was ranked by Forbes magazine as a “top 100” public institution in 2009."

5-Murfreesboro-Tennessee.jpg

 

11. Nashville

"According to Forbes in 2013, Nashville ranks #5 among the “Best Places for Businesses and Careers.” Vanderbilt Universityhas one of the most selective programs in the United States, accepting less than 12% of applicants who apply to the undergraduate program."

11-Nashville-Tennessee.jpg

 

14. Knoxville

"In 2011, Kiplinger listed Knoxville as one of its “Best Value Cities,” coming in at number five. Forbes Magazine similarly ranked Knoxville in the top five for 'Businesses and Careers.'"

14-Knoxville-Tennessee.jpg

 

The full list:

http://www.greatvaluecolleges.net/50-great-affordable-college-towns-in-the-u-s/

Edited by jmtunafish
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Nashville obliterates new construction projects record, rising 50% over last year's previous high.

http://www.bizjournals.com/nashville/news/2016/07/05/nashville-hulk-smashes-construction-record-topping.html
 

The final tally for building permits in the 2015-16 fiscal year, which ended June 30, is $3,647,900,245. That information comes from Metro's codes department, via Metro's Open Data portal. Here are some ways to break it down:

  • It's an average of $5,373 of construction for each person residing in Davidson County.
  • The average permit was for $284,082 of work, a 36 percent increase from the previous fiscal year (signaling, among other things, that materials are becoming more expensive).
  • Each week, Metro granted $70.2 million of work.
  • That's $14.6 million and 51 permits every single business day.

All that stemmed from a total of 12,841 building permits, a record itself and a 10 percent increase from the permits issued in the previous fiscal year.

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