Tennessee Revenues for July Exceed Budget Estimate by $667.1 Million

Tennessee tax revenues for the month of July exceeded the budgeted estimate by $667.1 million, Tennessee Department of Finance and Administration Commissioner Butch Eley announced Thursday.

Overall revenues of $1.86 billion in July were $689.4 million more than state revenues in July 2019.

The higher-than-expected revenues for July has the state finishing the 2019-2020 fiscal year in a surplus position of $369.2 million against the budgeted estimate and 2.42 percent above last year, despite the impacts of the COVID-19 economic slowdown.

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Sumner County Citizens React to ‘Eminent Domain’ Sewer Line and Tax-Increasing Budgets at County Commission Meeting

  GALLATIN, Tennessee – More than 200 citizens turned out for the regularly scheduled meeting of the Sumner County Board of Commissioners Monday night to have their say on a planned greenway and sewer line as well as a property tax increase included in the budgets proposed for fiscal year…

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Governor Bill Lee’s First State of the State Address Strikes a Positive Tone, Receiving 20 Standing Ovations

NASHVILLE, Tennessee – In his first State of the State Address, Governor Bill Lee struck an uplifting tone while laying out the four priorities of his legislative and budget agenda in an hour-long speech that received about 20 standing ovations. In a joint session of the Tennessee General Assembly held…

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