Sales Tax Collection Slightly Off for June

Monday, 5 November 2018

Falling in line with May’s collection report, many counties in the Upper Cumberland saw little change compared to the previous month; reporting so-so sales tax collections for the month of June according to the Upper Cumberland Business Journal. 
Some counties, such as Pickett (32.5), Overton (17.1), and Smith (15.8), reported double-digit percentage gains in sales tax collections over the previous month. 
Pickett and Overton each have lead the UC region when it comes to reported sales tax collections. In the most recent quarter, those counties reported a 13.1- and 14.4-percent increase, respectively, over the previous year, noting a 22.3- and 10.8-percent change over the previous year. 
Meanwhile, Jackson (-28.3) and Van Buren (-19.1) counties reported double-digit losses percentage wise. 
Cannon (-0.5), Fentress (-1.8), Warren (-2.8), and White (-4.8) counties each reported marginal sales tax collection losses while Clay (5.4), Cumberland (3.1), DeKalb (5.0), Macon (2.9), and Putnam (4.4) counties each reported marginal percentage gains in June sales tax collections.  
In June Cannon County had sales tax collections of $427,238 off $1,968 of the May collection of $429,206.