The Tennessee Department of Finance and Administration announced that revenues for October were $1.5 billion, which is $22.6 million more than October of last year, but $30.1 million less than the budgeted estimate. The total growth rate for the month was 1.53 percent.
General fund revenues were $27.1 million less than the October estimate, and the four other funds that share in state tax revenues were $3.0 million less than the estimates.
On an accrual basis, October is the third month in the 2024-2025 fiscal year.