Tennessee Tax Revenue Beats August Estimates by $268M

Tennessee’s revenue collection continues to exceed the state’s budgeted expectations.

Tax revenue in August was $267.9 million more than budgeted estimates, reaching $1.4 billion. The growth rate for revenue was 22.11% higher than a year ago.

The August accrued numbers are for taxes collected from July. The August accruals start a new fiscal year for the state.

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