Williams: Lower Revenue Led To Tax Holiday Absence
Last year at Labor Day, Tennessee in the midst of a grocery sales tax holiday, but the event will not be back this year. Representative Ryan Williams said that tax collections were over two and a half percent less than what the state budgeted for the year. Williams said they simply did not have the […]
Sales Tax Holiday Impacted Cookeville Revenues, Awaiting State Answers
Cookeville’s sales tax revenue took a major hit during the state’s three-month Food Sales Tax Holiday, a loss of some $500,000. City Manager James Mills said the revenue numbers from the first two months are exactly what the city had feared. Mills said that the law states that municipalities and cities like Cookeville are to […]
Putnam Sales Tax Revenue Ends Fiscal Year Up 11 Percent
Putnam County saw an 11.6 percent increase in sales tax revenue for the 2021-22 fiscal year. Some $44 million dollars compared to $39 million last fiscal year. Mayor Randy Porter shared July’s numbers Tuesday rounding up the year. It showed $5 million in sales tax revenue. That is almost a 10 percent increase compared to […]
Putnam August Sales Tax Revenue Up 12 Percent Compared To 2020
August sales tax revenue in Putnam County came in Tuesday 12 percent over the same month last year. The County saw the highest increase by about 23 percent. Algood followed with a growth of 18.5 percent, Baxter 15 percent and Cookeville 10.5 percent. Monterey’s revenue decreased by 3.9 percent. All five municipalities contributed to $4,265,018.31 […]
