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

CBJ Admin
Wednesday, Sep 3, 2014

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.


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