Kingsport-Bristol Dec. sales tax collections soar, increase at sower pace in Johnson City MSA

Kingsport-Bristol sales tax collections were again on the upswing in December.

The four-county MSA’s year-to-year change put it second to Nashville for the best state-wide December performance.

Dec y-yCollections in the three-county Johnson City MSA were a little off their November pace but in line with the more moderate growth when compared to Kingsport-Bristol. Together, they gave the Tri-Cities 5.9% growth from December last year and the ninth straight month of year-to-year gains.

According to the Tennessee Advisory Commission on Intergovernmental Relations with MTSU’s Department of Economic and Finance Kingsport-Bristol seasonally adjusted collections were 6.9% better than last year.

And it wasn’t the first time the MSA’s collections chart has looked like a Dollywood roller coaster layout. Double-digit year-to-year gains were posted five times in 2015. A steep one or two-month decline followed each peak.

Sales tax collection growth has been positive for both Kingsport-Bristol and the Johnson City MSAs for nine months.

DecHere’s how the East Tennessee year-to-year collections looked for East Tennessee:

Kingsport-Bristol, up 6.9%

Chattanooga, up 4.9%

Johnson City MSA, up 3.8%

Knoxville up 1.7%

Morristown, down 0.1%.

On the month-to-month comparison, Kingsport-Bristol was the only MSA in East Tennessee with a gain. Statewide, only two MSAs had gains from their November totals.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: