Wilson sales tax revenues spike

Wilson County’s sales tax revenues in October spiked following decreases in local spending during the two months prior.
Nov 13, 2013

Wilson County’s sales tax revenues in October spiked following decreases in local spending during the two months prior.

The Tennessee Department of Revenue released Tuesday sales tax collections for Wilson County that showed totals for October, at nearly $3.4 million increased more than $300,000 compared to September’s $3.04 million, but remained lower than August’s $3.4 million and July’s $3.62 million. It remained higher than June’s $3.1 million, May’s nearly $3 million, April’s $3.16 million, March’s $2.66 million and February’s $2.68 million.

The year started on a high with $3.87 million collected in January due to leftover revenues from holiday shopping.

Compared to a year ago, Wilson County’s sales tax revenues for October increased by more than $400,000.

Lebanon again led the way with the highest amount of sales tax collections among Wilson County cities with about $1.65 million in October, which was an increase compared to August and September’s nearly $1.6 million, down from $2 million in July, but up from $1.5 million in May.

Mt. Juliet’s collections – at $1.3 million in October – increased compared to $1.13 million in September, but decreased from $1.4 million in August. It remained behind January’s $1.67 million.

Watertown collections totaled more than $24,000 in October, which was an increase of about $1,000 in August and September, down from $26,000 collected in July and down from more than $30,000 collected in June, but was up about $5,000 compared to May figures.

Collections in unincorporated areas of Wilson County, at nearly $400,000 in October, showed gains compared to $331,000 in September and was higher than August’s more than $374,000 in collections.

Sales Tax Revenues: At a Glance

The following are total sales tax collections by month in Wilson County for the past year:

October                 $3.37 million

September            $3.04 million

August                   $3.4 million

July                         $3.62 million

June                        $3.1 million

May                          $3 million

April                          $3.16 million

March                       $2.66 million

February                  $2.68 million

January                    $3.87 million

December                $2.86 million

November                 $2.7 million

October (2012)         $2.92 million

Source: Tennessee Department of Revenue, Joint Economic Development Board of Wilson County

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