By Michelle Price
UCBJ Managing Editor
State sales tax up 9.7%, local sales tax up 19.9%
UPPER CUMBERLAND – June state sales tax revenue for the Upper Cumberland region was up 9.7% over the June 2019 receipts. The only county in the U.C. that did not report an increase was Cannon, which reported a 1.6% ($8,374) decrease over the prior year. Local sales tax collections for the region were up 19.9% and reported growth in all 14 counties.
The rural counties reported the largest increases in state sales tax revenue, with Jackson reporting an increase of 29.2% ($59,385) and Van Buren reporting an increase of 18.8% ($24,243).
Overall, the U.C. outperformed the rest of the state in retail sales growth. The statewide sales tax revenue was down 1.3%.
Local sales tax collections showed double-digit growth everywhere in the region, except Smith (+ 2.3%). White had the biggest increase over June 2019 with revenues 42% higher.
Of note, sales lag collections by one month. June sales tax collections reflect May retail activity.