Tenn June tax collections exceed state estimates

Friday, July 8, 2011, Vol. 35, No. 27

NASHVILLE (AP) — Tennessee tax collections in June exceeded state budget estimates for the 11th straight month.

State officials said Monday that June revenue was $1.07 billion, or $31.8 million more than budgeted.

Finance and Administration Commissioner Mark Emkes said sales tax collections were $28.8 million more than the estimate, accounting for much of the surplus.

On an accrual basis, June is the 11th month in the 2010-11 fiscal year.