NASHVILLE – Tennessee’s general fund tax collections are $152 million short of projections through the first half of the budget year.
The state collected $5.2 million less than expected in December and Finance Commissioner Dave Goetz said Wednesday he’s disappointed that holiday sales didn’t boost revenues more.
While the state continues to grapple with worse-than-expected tax returns, the six-month total is far less dire than at the same time last year, when the general fund was nearly $500 million short.
Goetz also said one positive indicator is that the rate of car sales has grown for three straight months in Tennessee.