{"id":2511483,"date":"2025-11-17T13:55:02","date_gmt":"2025-11-17T18:55:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tennessees-october-revenues-exceed-expectations\/"},"modified":"2025-11-17T13:57:52","modified_gmt":"2025-11-17T18:57:52","slug":"tennessees-october-revenues-exceed-expectations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tennessees-october-revenues-exceed-expectations\/","title":{"rendered":"Tennessee&#8217;s October revenues exceed expectations"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftennessees-october-revenues-exceed-expectations%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2511483&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Tennessee&#8217;s October tax revenues exceeded expectations by $48.7 million and were $115 million higher then the same month last year, according to the state&#8217;s Department of Finance and Management. For the first three months of the 2026 fiscal year, tax revenues are 1.59% above forecasts. Franchise and <a href=\"https:\/\/amzn.to\/3YuVZYV\" >excise tax collections surpassed estimates<\/a> by 11.58% in October but remain below year-to-date estimates due to corporate tax cuts enacted in 2024. Tennessee&#8217;s revenue relies heavily on sales tax, which now makes up 67% of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/terence-p-jeffrey-big-government-biden\/\" title=\"Terence P. Jeffrey: Big Government Biden\">total tax collections<\/a>, up from around 60%, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-card-debt-hits-record-amid-rising-interest-rates\/\" title=\"Record credit card debt as interest rates rise.\">reflecting strong consumer spending<\/a>. Economists are cautiously optimistic about revenue growth for fiscal year 2027, with expected increases of 2.3% in total revenues and 1.3% in general funds. Meanwhile, Governor Bill Lee and state lawmakers are reviewing budget proposals that include sizable funding and staffing increases for the department of Children&#8217;s Services and the Department of Safety and Homeland Security ahead of the legislature&#8217;s january session.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Tennessee&rsquo;s October revenues exceed expectations<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2404266\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square)&nbsp;&ndash; <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/tennessee\/\">Tennessee&rsquo;s<\/a> October revenues were $48.7 million more than estimated and $115 million higher than October of last year, according to Department of Finance and Administration Commissioner Jim Bryson.<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/tax\/\">Tax revenues<\/a> for the first three months of the 2026 <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/fiscal\/\">fiscal<\/a> year are up 1.59% from forecasts, according to the revenue report.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3889454\/awash-with-billions-per-year-federal-money-louisianas-funding-surges\/\">Fiscal Fallout: Awash with billions per year in federal money, Louisiana&#8217;s funding surges<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/opinion\/columnists\/3889367\/trump-urged-revive-maga-rallies-fulfill-2024-promises\/\">Slumping Trump urged to revive MAGA rallies and fulfill 2024 promises<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/justice\/3889291\/judge-orders-doj-turn-over-grand-jury-materials-james-comey-missteps\/\">Judge orders DOJ to turn over grand jury materials to Comey, citing possible &#8216;missteps&#8217;<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Franchise and excise tax collections exceeded estimates by 11.58% with $7.7 million collected. The year-to-date numbers are still below estimates by $18.9 million, a decline attributed to corporate tax cuts approved by the Tennessee General Assembly in 2024.<\/p>\n<p>&ldquo;We are encouraged that revenues continue to remain ahead of projections year-to-date,&rdquo; Bryson said in a statement. &ldquo;However, we will continue to monitor economic activity and revenue trends to ensure fiscal stability.&rdquo;<\/p>\n<p>Gov. Bill Lee and state lawmakers are taking a look at the fiscal year 2027 budget. Economists told the Tennessee State Funding Board earlier this month that they were cautiously optimistic about revenue predictions for the upcoming fiscal year.<\/p>\n<p>&ldquo;I think we&rsquo;re not really at risk of not being able to pay our bills, but we&rsquo;re certainly not in a position to start large scale investments above and beyond what we&rsquo;re doing now,&rdquo; said Dr. Don Bruce, director of the Boyd Center for Economic and Business Research at the University of Tennessee. &ldquo;Collections will be slow, steady, positive, could be much higher but could also be significantly lower.&rdquo;<\/p>\n<p>Bruce predicted a 2.3% increase in total revenues and a 1.3% increase in general funds.<\/p>\n<p>Tennessee is relying heavily on sales tax, Jeff Bjarke, research director for the Tennessee Department of Revenue, said. The state is used to seeing sales and use tax account for about 60% of total tax collections. That has increased to 67%, Bjarke said.<\/p>\n<p>The change is based in part on a reduction in the corporate franchise and excise taxes, according to Bjarke.<\/p>\n<p>&ldquo;October sales tax revenues, which reflect September&rsquo;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tennessee-april-tax-collections-74-2m-short-of-budgeted-estimates\/\" title=\"Tennessee tax ... for April fell .2M below expectations\">taxable sales activity<\/a>, demonstrate the continued strength of consumer spending across the state,&rdquo; Bryson said. &ldquo;Although October is typically a slower month for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-tax-cuts-reduced-corporate-effective-rates-but-boosted-revenue-gao-report\/\" title=\"Trump Tax Cuts Reduced Corporate Effective Rates, but Boosted Revenue: GAO Report\">corporate tax collections<\/a>, Tennessee still exceeded expectations in that category as well.&rdquo;<\/p>\n<p>Lee wrapped up his annual budget hearings last week with some large requests.<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/congressional\/3888187\/tennessee-special-house-election-tests-democratic-momentum\/\">TENNESSEE SPECIAL HOUSE ELECTION TESTS STRENGTH OF DEMOCRATIC OFF-YEAR MOMENTUM<\/a><\/strong><\/p>\n<p>The Tennessee Department of Children&rsquo;s Services is requesting an additional 153 positions and $151.6 million in overall funding for fiscal year 2027.<\/p>\n<p>An additional 212 positions, including 139 new state troopers, were requested by the Department of Safety and Homeland Security. The total ask of the department is 84.2 million.<\/p>\n<p>Lawmakers return to Nashville in January to consider the state&rsquo;s spending plan.<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tennessee&#8217;s October revenues surpass estimates by $48.7M<\/p>\n","protected":false},"author":2869,"featured_media":2511484,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/06\/tennessee-capital-state-house.webp?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[36446,67211,46442,6651],"class_list":["post-2511483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-economic-growth","tag-october-revenues","tag-state-budget","tag-tennessee"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/06\/tennessee-capital-state-house.webp?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2511483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2869"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2511483"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2511483\/revisions"}],"predecessor-version":[{"id":2511487,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2511483\/revisions\/2511487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2511484"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2511483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2511483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2511483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}