Tri-Cities sales tax collections off to a slow start

Tri-Cities governments got off to a slow sales tax collection start in January. They were two of the three Metropolitan Statistical Areas (MSA) with negative year-over-year performance for the first month of the year.

Here’s how NE Tenn. metro area looked in the updated report from the Tennessee Advisory Commission on Intergovernmental Relations with the MTSU Department of Economics and Finance:

Knoxville, up 2.8%

Morristown, up 0.6%

Johnson City, down 0.2%

Kingsport-Bristol, down 0.5%

NE Tennessee, up 1.8%

Statewide collections were up 4.2%.

Seasonally adjusted market share of sales tax collections in Northeast Tennessee

Nine of the state’s 10 MSAs showed a decrease from their December totals while Morristown’s collections were unchanged.

January’s seasonally adjusted collections for the three-county Johnson City MSA were $15.1 million and $16.4 million for Kingsport-Bristol.

 



Categories: CORE DATA

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