Department of Finance and Administration Commissioner Butch Eley today announced that Tennessee tax revenues exceeded budgeted estimates in March. Overall March revenues totaled $1.6 billion, which is $286.8 million, or 22.78 percent more than the state received in March of 2021 and $348.8 million more than the budgeted estimate for the month.
Year-to-date revenues, August through March, are $2.5 billion more than the budgeted estimate. The growth rate for eight months is 18.62 percent. General fund revenues are $2.3 billion more than the budgeted estimate and the four other funds are $151.1 million more than estimated.