Florida is yet again one of the top 10 ranked states for economic performance and economic outlook.
The annual Rich States, Poor States report from the American Legislative Exchange Council shows the Sunshine State outperforming all other states economically over the past decade and for net in-migration, thanks to the state’s low tax burdens and worker-friendly policies.
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.
Tennessee ranks seventh out of 50 states in economic outlook, according to the 2019 edition of Rich States, Poor States, released this week. That’s an improvement over how Tennessee ranked in 2018 (No. 12) and especially five years ago, in 2014 (No. 19), according to the book. A No. 1…