January State Revenues Are $380 Million More Than Budgeted chattanoogan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chattanoogan.com Daily Mail and Mail on Sunday newspapers.
Local, state tax revenues up in November lebanondemocrat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lebanondemocrat.com Daily Mail and Mail on Sunday newspapers.
by Vivian Jones, The Center Square | December 16, 2020 08:30 AM Print this article
Tennessee tax revenue exceeded the state’s budget estimate by $129.5 million in November, continuing a four-month streak of positive revenue after declines in April, May and June.
The Tennessee Department of Finance and Administration said overall state revenue in November was $1.1 billion – nearly 2% more than a year ago. In the first four months of the fiscal year, tax revenue collections exceeded budgeted estimates by $576 million.
“The good news is that we are in a positive position relative to the state’s budget and we intend to keep our spending in line with revenue collections while continuing to maintain citizen services,” Finance and Administration Commissioner Butch Eley said in a statement Monday. “We will continue to plan for the worst and hope for the best.”
Tennessee's November revenue exceeds budget estimate by $129M | Tennessee thecentersquare.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecentersquare.com Daily Mail and Mail on Sunday newspapers.