State Revenue Collections for April

Tennessee revenue collections continued an upward growth trend in April, with a net positive growth of 9.67% over April collections one year ago. Finance and Administration Commissioner Mark Emkes reported this month that overall April revenues were $1,386.4 million or $82.8 million more than the state budgeted.


“Sales tax collections recorded the 25th consecutive month of positive growth dating back to April of 2010,” Emkes said. “In addition, corporate Franchise and Excise tax collections continue to be very encouraging, but the Hall Income Tax recorded a negative growth over last April and fell considerably short of the budgeted estimate.

Sales tax collections were $42.9 million more than the budgeted estimate for April. The April growth rate was positive 8.77%. For nine months revenues are over collected by $183.4 million. The year-to-date growth rate for nine months was positive 7.26%.

Hall Income tax collections for April were $15.7 million less than the budgeted estimate. For nine months collections are $18.1 million below the budgeted estimate. The growth rate for the nine month period was negative 4.41%.

Of note to County Highway Departments, gasoline and motor fuel collections for April decreased by 4.07%, and were $2.7 million less than the budgeted estimate. For nine months revenues are negative 1.03%, and $6.4 million below the budgeted estimate of $625.9 million.

From all sources, year-to-date collections for nine months were $412.9 million more than the budgeted estimate. The general fund was over collected by $400 million and the four other funds were over collected by $12.9 million.