Tennessee Department of Finance and Administration Commissioner Butch Eley today announced that Tennessee tax revenues exceeded budgeted estimates in October. Overall October revenues were $1.4 billion, which is $238.9 million more than October of last year and $256.2 million more than the budgeted estimate. The growth rate for October was 20.52 percent.
Warren Co. collected 2,812,679 dollars, up almost 2 percent compared to 2,765,796 in October 2020. In the last 12 months, sales tax collections are at 35,225,621, almost 13 percent more at this time last year.
In other counties White County was listed at $1,799,423 for October 2021 compared to $1,453,518 for October 2020, up almost 24 percent
Van Buren County listed $167,790 in local sales tax collections for October 2021, compared to $166,703 in October 2020, up 0.7 percent
General fund revenues for October were $234.7 million more than the budgeted estimate, and the four other funds that share in state tax revenues were $21.5 million more than the budgeted estimates.
Sales tax revenues were $176.5 million more than the estimate for October. The October growth rate was 19.96 percent. Year-to-date revenues are 20.70 percent more than this time last year.