Tue August 11, 2009
Tennessee has a full year of negative sales tax growth
Nashville, TN – Tennessee officials say July marked a full year of negative state sales tax growth. Tennessee Finance Commissioner Dave Goetz says last month's revenues were $61.8 million less than what the state budgeted. Sales taxes are about 60 percent of the state's money. Economists say Tennessee will likely not see any growth in sales tax revenue until 2011.