The Tennessee Department of Revenue makes payments of state-shared revenues to all Tennessee municipalities based on population. MTAS tracks the monthly revenues reported by the Department of Revenue and uses those along with estimates to forecast what cities may expect to receive in the coming fiscal year.

The estimates shown below include actual numbers for FY 2022-23, as well as an estimate for the 2023-24 fiscal year using state provided numbers. The reader should use sound judgement and caution when budgeting for 2024-25. We will continue to monitor state collections and update this publication regularly.

The first column in the chart below shows an updated estimate for the 2022-23 fiscal year ($169.80). The second column estimates 2023-24 ($174.31). State sales tax increased about five percent and gas and motor fuel taxes increased 0.57 percent compared to the same time last year. This can to be used as a tool in estimating projected revenue for the 2024-25 fiscal year. It is but one tool, and a multi-year trend analysis should also be prepared to assist in determining the appropriate estimates going forward.