February Revenues

Tennessee Department of Finance and Administration Commissioner Jim Bryson today announced that February tax revenues exceeded budgeted estimates. February revenues totaled $1.3 billion, which is $88.3 million more than the state received in February 2022 and $128.4 million more than the budgeted estimate. The growth rate for February was 7.11 percent.
General fund revenues exceeded the budgeted estimates in the amount of $98.9 million while the four other funds that share in state tax revenues were $29.5 million more than the estimates.
Sales tax revenues were $138.9 million more than the estimate for February and 11.83 percent more than February 2022. For seven months, revenues are $868.9 million higher than estimated. The year-to-date growth rate for seven months was 9.14 percent.