Report represents numbers collected in Oct.
Upper Cumberland – The buying season is upon us. According to data collected from the Tennessee Department of Revenue and compiled by the Upper Cumberland Development District, Upper Cumberland state sales tax collections increased by 7.7% in the November report. The region saw $31,109,866 collected compared to $28,878,334 last year.
Over the past three months, the region collected $94,152,178. That is a more than a $9,000 increase from the same three month span a year ago.
Not every county is spending more money, however.
Cannon County dipped 14.5% in collection. They collected $445,236 compared to $520,530 last year. Clay County dropped 5.6%, Fentress sank 2.1%, Pickett dipped 6.6%, and White County gained 9% less tax revenue than 2021.
Most counties increased revenue.
Van Buren County’s tax revenue skyrocketed 31.2%. In 2021, they earned $164,050 while earning $215,175 this year.
Cumberland County increased 13.6%, DeKalb saw a slight uptick with a 0.4% increase, and Macon saw a 12.2% increase in state sales tax collections. Overton saw basically the same sales tax collected. Putnam increased 12.2%, Smith 4.2% and Warren increased 5.8%.
The entire state of TN increased sales tax revenue by 10%.
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