Tennessee revenues continued to show modest improvement in August, the first month of the fiscal year, with the collection of $749.3 million, which is 3% above  the total in August 2009.

“Sales tax collections have shown positive growth for the past five consecutive months, and we believe it points to a slowly recovering economy in Tennessee,” Finance and Administration Commissioner Dave Goetz said in a news release. “Still, we need to continue to closely monitor our spending patterns in the months ahead to keep the budget in a balanced posture for the next governor.”

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