Tennessee's monthly revenues up again despite pandemic

Tennessee officials are reporting another month of year-over-year revenue growth in the face of the COVID-19 pandemic, putting year-to-date revenues for three months up by $447.4 million over what the state has projected. Finance Commissioner Butch Eley announced Friday that October revenues were $1.2 billion, which is $38.2 million more than October 2019 and $134.8 million more than the state’s budget estimate. The growth rate for October was nearly 3.4%. The state last registered a decline in revenues for June, with each month since showing growth year-over-year and compared to the budget estimate. October marked the third month in the 2020-2021 budget year on an accrual basis.