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Total revenue is $50 million more than expected for Tennessee in May, sales tax up 9 percent


NASHVILLE, Tennessee — Tennessee Finance Commissioner Larry Martin says the state's overall revenue collections in May were $50 million more than expected.

The tax collections reflect economic activity in April.

The state's general fund tax collections in May were $48 million higher than projected.

Sales tax grew 9 percent in May, $20 million more than expected.

Franchise and excise taxes combined were $16 million more than the budgeted estimate.

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