Tennessee's revenues come above projections once again

Posted at 12:38 PM, Oct 15, 2020
and last updated 2020-10-15 13:38:37-04

NASHVILLE, Tenn. (AP) — Tennessee officials say September revenues once again came in higher than state projections, but warned that possible declines could be on the horizon.

The Tennessee Department Finance & Administration said last month’s revenues of $1.6 billion also was higher than the state’s September 2019 performance by about $23 million.

Finance Commissioner Butch Eley said this is the second month in a row where tax revenues were higher than originally estimated. However, Eley says the boost is largely due to Tennesseans receiving stimulus funding, which is declining soon.