Tennessee Department of Finance and Administration Commissioner Jim Bryson has announced that state revenues for July were $1.7 billion, which is $51.2 million more than July of last year. The total growth rate for the month was 3.10 percent.
Bryson said that due to healthy collections in the final quarter, Tennessee will meet the revised budget estimate for the 2023-2024 fiscal year. Total taxes exceeded the forecast by $206.8 million, and general fund tax collections were $119.3 million higher than estimated.