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Tenn. revenue $57M above projections
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NASHVILLE, Tenn. (AP) — Tennessee's sales tax revenues grew 6.5 percent in the first quarter of the budget year, and general fund collections have come in at $57 million above projections. Finance Commissioner Mark Emkes in a release Wednesday called the sales tax growth the "best indicator of economic recovery." But he cautioned that national economic indicators and uncertainty over federal budget pressures point to a slow recovery.