Tennessee Records Strong First Month Of New Fiscal Year

Despite the ongoing pandemic, Tennessee’s revenues for the first month of the new fiscal year was a good one . According to the Tennessee Department of Finance and Administration last month’s revenues of one point two billion dollars topped the state’s August 2019 performance by 22 million dollars. The figures reflect consumer spending during July, which also continued to outperform expectations, much of that boosted by federal stimulus money Americans received. Sellers of building materials, food, furniture, and home appliances increased significantly compared to last August. While apparel stores, small retailers, restaurants and bars continued to suffer losses.