- Associated Press - Friday, November 13, 2015

NASHVILLE, Tenn. (AP) - Tennessee Finance Commissioner Larry Martin says the state’s overall revenue collections in October were $90.7 million more than expected.

Martin said Friday that growth in sales tax collections and a large one-time corporate payment contributed to collections of $970.8 million, which is 11 percent more than October 2014.

General fund collections for last month were $91 million higher than projected. Sales tax grew 7.7 percent, $36.8 million more than expected.

Franchise and excise combined collections for October were $77.4 million, which is $39 million more than the budgeted estimate

October is the third month in the 2015-2016 fiscal year.



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