Tennessee’s revenue rebounded in August with sales tax collections driving the increase. While corporate taxes fell below estimates due to a major business tax break, other tax revenues showed positive movement. Despite some concerns from lawmakers, Finance and Administration Commissioner Jim Bryson remains cautiously optimistic about the state’s economic outlook and budgeted estimates. The state is set to meet with bond rating companies in New York City this fall to discuss the impact of recent tax policy changes. Stay informed on Tennessee’s fiscal situation by subscribing to receive morning headline updates.
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