NASHVILLE (AP) — Tennessee officials say the state's revenues for November were up slightly from the same month a year ago.
Finance and Administration Commissioner Larry Martin says last month's revenues of $907 million were $6.8 million in excess of the budgeted estimate. November revenues represent consumer spending that occurred in October.
Martin says sales tax revenues showed moderate growth in November. Martin says franchise and excise taxes had negative growth for the month, which he says is not alarming since November is a small collection month for corporate revenues.
Officials say general fund revenues for November were $7.7 million less than the budgeted estimate, and the four other funds that share in state tax revenues were $14.5 more than the budgeted estimate