Kingsport-Bristol Oct. sales tax collections lead area’s MSAs, second best in E. TN


Kingsport-Bristol retail sales tax collections took another plunge in Oct. but no one is complaining.

Sales tax

 

After a steep slide from September’s y-y 15.4% increase October’s 6% was good enough make it the second-best posting among East Tennessee’s MSAs and the best in NE Tennessee.

The MTSU Business and Economic Research Center/Tenn. Advisory Commission on Intergovernmental Relations report shows Kingsport-Bristol collections 6% better than October last year.

Kingsport-Bristol collections have been on a roller coaster ride zooming to  a y-y highs then madding  a dizzying drop the following month.

Seasonally adjusted collections in the Tri-Cities southern MSA have consistently underperformed Kingsport-Bristol since October last year, but their y-y tend line is a lot less volatile.

Here’s how the October y-y changes looked in East Tennessee:

Chattanooga – up 9.3%.

Kingsport-Bristol – up 6%.

Knoxville – up 4.8%.

Johnson City  – up 3.4%

Morristown up – up 2.8%.

Tri-Cities collections were down 9.5% when compared the inflation adjusted collections from October 2008 to gauge how they are performing against a pre-recession benchmark.

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