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Tennessee July revenue collections see some growth, still fall short of projections

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NASHVILLE, Tennessee — Tennessee Finance Commissioner Larry Martin says the state's revenue collections recorded some growth in July even though they fell short of projections.

Martin said in a news release on Thursday that overall revenues were $941.8 million, about $3.2 million less than the state budgeted.

Sales tax collections were $1.3 million more than the state estimate. However, franchise and excise taxes combined were $2.2 million below the budgeted estimate of $71 million.

The state's general fund exceeded the projected amount by $1.2 million.

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