Tag Archives: spending

Closing Smokies costs economy $23 million

Road closed in Great Smoky Mountains National Park.

Road closed in Great Smoky Mountains National Park.

The closing of the Great Smoky Mountains National Park has cost the regional economy more than $23 million in lost visitor spending through the first 10 days of the government shutdown, according to a report released today by the Coalition of National Park Service Retirees.
In addition, more than 257,000 tourists have been unable to visit the park since it has been closed and 11,766 jobs, including 11,367 local/non-park service jobs, are at risk, CNPSR says.
Nationwide, $750 million in visitor spending has been lost at the 12 national parks studied by the coalition.
“These figures are mind boggling and they only begin to capture the full economic shock of locking up the crown jewels of America – our national parks,” CNPSR Chair Maureen Finnerty, former superintendent of Everglades and Olympic National Parks, said in a statement.”  Towns, cities, and even whole states that depend on park tourism are feeling an increasingly strong pinch. And if Congress continues to hold our national parks hostage, these communities will soon be reeling from what is in many cases the main driver of their economies.”
The coalition describes itself as a non-partisan, non-profit organization comprised of former employees of the National Park Service.
Click here for the coalition’s news release.

Tax Freedom comes early in Tennessee

From April 7, News Sentinel column:

Tax Freedom Day

Tax Freedom Day

Breathe easy, Tennessee workers. It’s a good day to celebrate.

The federal income tax deadline is looming, but you’re already ahead of the tax game.

As of April 2 you had earned enough this year to pay all of your federal, state and local tax obligations for 2013.

That’s right, Tax Freedom Day in Tennessee has come and gone.

 

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UT sports top SEC in recruitment spending

The University of Tennessee men’s sports teams aren’t churning out national champions like TENNESSEE+HOME+FIELD.jpgother SEC schools, but the Vols are clear champs when it comes to its recruiting budget.

According to the website BusinessofCollegeSports.com, Tennessee’s men’s teams spent more than $1.8 million on recruiting in the 2010-11 year. That’s tops in the SEC by a substantial margin.

Auburn was No. 2 in the 2010-11 budget battle, spending a little more than $1.5 million, according to the website.

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Survey: Back-to-school spending flat

The second biggest retail event of the year is here – back-to-school spending. K-12 and college spending is expected to reach $68.8 billion a year, the National Retail Federation reported Thursday.

Only the Thanksgiving-Christmas holiday season generates more retail revenue.

Back-to-school spending per family will be flat, according NRF’s 2011 Back-to-School survey.
The average family with K-12 kids will spend $603.63 on school supplies, electronics and clothes, according to the survey.

How much will you spend?

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Poll: Holiday shoppers ‘enthusiastic’ but spending less

With the Christmas shopping season entering the stretch run, Consumer Repor112510blackfri26.mc.jpgts’ latest survey offers an interesting look at consumer attitudes.

Half of us are “enthusiastic” about the holiday shopping season, but almost one-third of Americans say they are worse off financially than they were last year, according to the Consumer Reports Holiday Shopping Poll.

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Blame the wealthy — then make ’em pay

Rich Americans need to get on the ball. The recovery is slowing down and it’s all their fault.

If they don’t start spending — and I mean really spending — some economists think their tight-fisted attitude could push the economy back into recession.

Sounds kind of selfish, to me. A true patriot would be willing to spend freely to get the economy bustling again.

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