Tennessee Business and Economic Outlook, Fall 2015

Author: Matthew N. Murray, Lawrence M. Kessler

Publication Date: November 1, 2015

In Tennessee total tax collections grew by 9.3 percent during the first quarter of 2015 (as compared to the first quarter of 2014). This was higher than both the southeast average of 6.5 percent and the national average of 5.1 percent. Among the southeastern states, only Mississippi and North Carolina registered higher tax revenue growth than Tennessee. For the month of August, Tennessee Department of Revenue tax collections totaled $898.4 million, which was $28.5 million or 3.3 percent higher than August’s collections from last year.

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