⊕ UC has strong state sales tax showing

UPPER CUMBERLAND – Sales tax collections in the Upper Cumberland are off to a strong start in 2015. The region saw a 15.4 percent increase over last year’s numbers – more than double the state’s increase during that same time frame.

Ten of the region’s 14 counties saw double-digit gains, including the UC’s three largest collectors, Putnam (17.3), Cumberland (15.5) and Warren (12.6). Also up were Pickett (43.8), Macon (23.4), Van Buren (20.0), Overton (16.2), Cannon (14.5), Smith (14.5) and Fentress (13.0). Others with increases included White (9.9), Clay (7.9), DeKalb (6.4) and Jackson (0.4).

Collections, which are considered just one measure of economic activity, are based on state sales taxes; local option taxes are excluded. Sales data lags by one month; for example, February numbers reflect January activity.

 

Counties February Year prior Percent change
Cannon $285,990 $249,826 14.5
Clay $170,168 $157,666 7.9
Cumberland $3,209,843 $2,779,392 15.5
DeKalb $766,254 $719,978 6.4
Fentress $592,968 $524,609 13.0
Jackson $139,329 $138,793 0.4
Macon $892,177 $722,753 23.4
Overton $690,747 $594,281 16.2
Pickett $148,249 $103,097 43.8
Putnam $7,085,411 $6,040,796 17.3
Smith $769,680 $672,297 14.5
Van Buren $79,887 $66,596 20.0
Warren $1,862,983 $1,654,860 12.6
White $990,555 $901,674 9.9
UCDD $17,684,241 $15,326,618 15.4
TN $559,291,000 $519,697,000 7.6

 

Source: Compiled by the Upper Cumberland Development District from data published by the Tennessee Department of Revenue.

 

 

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