UC outgains the state again in July’s state sales tax report

UPPER CUMBERLAND – The Upper Cumberland saw slight improvements in its state sales tax collections in July. The region posted a 2.9 percent increase year- over-year.

A handful of counties saw more healthy gains, including DeKalb (11.6), Warren (9.0) and Putnam (5.1). Pickett was up 47.7 percent, following a 5.8 percent increase in June. Also up were Macon (3.6), White (2.6) Overton (2.5) and Van Buren (1.4).

Slight decreases were recorded in Cannon (-0.1), Clay (-1.0) and Cumberland (-1.3). Fentress was down 5.6 percent while both Jackson and Smith recorded 14 percent drops, respectively.

The state saw a 3.2 percent gain. The UC is still outpacing Tennessee’s annual numbers, 3.9 percent versus 3.5.

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

Counties July Year prior Percent change
Cannon $349,645 $350,100 -0.1
Clay $257,722 $260,379 -1.0
Cumberland $4,016,788 $4,069,170 -1.3
DeKalb $910,030 $815,342 11.6
Fentress $668,515 $708,394 -5.6
Jackson $175,019 $203,535 -14.0
Macon $949,159 $916,037 3.6
Overton $853,636 $832,926 2.5
Pickett $333,466 $225,774 47.7
Putnam $7,806,045 $7,426,033 5.1
Smith $875,046 $1,017,202 -14.0
Van Buren $125,038 $123,333 1.4
Warren $2,281,875 $2,092,858 9.0
White $1,177,149 $1,147,846 2.6
UCDD $20,779,133 $20,188,929 2.9
TN $654,992,000 $634,842,000 3.2

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

ADVERTISEMENT

This site uses Akismet to reduce spam. Learn how your comment data is processed.