TENNESSEE’S TAX REVENUES FOR JANUARY ABOVE BUDGET PREDICTIONS
Tennessee tax revenues were above budgeted estimates for January. Finance and Administration Commissioner Larry Martin announced Tuesday that overall January revenues, driven by a very large one-time franchise and excise tax payment, were $1.4 billion. Total revenues were $169.1 million more than the state budgeted and 10.54% more than revenues received in January of last year.