Tennessee sales tax collections showed positive growth in September, as overall revenues grew compared to the same period last year. Finance and Administration Commissioner Dave Goetz reported that overall September revenues were $977.5 million or 6.14% above September 2009 collections.
September collections were $41.0 million more than the budgeted estimate. The general fund was over collected by $28.5 million and the four other funds were over collected by $12.5 million.
Sales tax collections were $1.0 million more than the estimate for September. The September growth rate was 2.15%. Franchise and excise taxes combined were $22.9 million above the September budgeted estimate of $246.6 million. The September growth rate was 10.36%.
Gasoline and motor fuel collections for September increased by 15.08% and they were $3.9 million above the budgeted estimate of $70.8 million.
Year-to date collections for two months were $35.6 million more than the budgeted estimate. The general fund was over collected by $17.8 million and the four other funds were over collected by $17.8 million.
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