July 23, 2020
Tennessee Department of Finance and Administration Commissioner Butch Eley announced that revenues for June were $1.5 billion, which is $12.5 million less than the budgeted monthly revenue estimate. State tax revenues were $29.8 million less than June 2019 and overall collections for the month represented a negative growth rate of 1.91 percent.
“Tennesseans are cautiously increasing business and consumer activities as we move forward in an unprecedented environment,” Eley said. “We anticipated a slow recovery from April, when everyone was staying at home, but it’s too early to iden...