DoFA Releases February 2024 Revenues
Tennessee Department of Finance and Administration Commissioner Jim Bryson recently announced that February revenues were less than budgeted estimates. Overall, February state revenues were $1.325 billion, which is 0.43 percent less than February 2023 and $59.9 million less than the budgeted estimate.
“State tax revenues for the month of February were only slightly less than reported revenues from this same time last year despite significant environmental challenges,” Bryson said. “Sales tax collections, reflecting January consumer activity, were negatively impacted by a week-long severe winter weather event that curtailed both spending and transportation. Conversely, franchise and excise tax revenues, and privilege tax receipts, both showed signs of increased growth for the first time this year."
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