Tennessee's total tax collections exceeded budgeted expectations in January, driven by strong holiday consumer spending and unexpected one-time collections in corporate taxes. Finance and Administration Commissioner Larry Martin announced that overall January revenues were $1.3 billion, which is $219.5 million more than the state budgeted. January is the sixth month in the 2014-2015 fiscal year.

The general fund was over collected by $214.1 million and the four other funds were over collected by $5.4 million. Year-to-date collections for six months were $343.9 million more than the budgeted estimate. The general fund was over collected by $323.4 million and the four other funds were over collected by $20.5 million.