Sales tax revenue growth continues for Sullivan, Kingsport, Bristol and Bluff City | Detail

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BLOUNTVILLE — Countywide, sales tax revenue growth rebounded strongly in June in Sullivan County and its towns.

Sales tax revenue totaled $6.32 million countywide for the month, an increase of $523,346 from June 2021. That’s growth of nearly 9.2%.

Countywide, sales tax revenue totaled $65.76 million for the 11-month period covered by a monthly report from the Sullivan County Office of Finance. This equates to a growth of $6.67 million, or 11.3% over the same period a year ago.

Kingsport businesses continue to generate the bulk of sales tax generated in the county.

Growth of $6.67 million, per collection point: Kingsport, $3.77 million; Bristol, $1.65 million; non-urban parts of the county, $1.26 million; Johnson City, $39,000; and Bluff City, $31,000.

June growth (the $523,346 figure) by location: Kingsport, $262,000; non-urban parts of the county, $139,000; ; Bristol, $124,000; Bluff City, $328; and Johnson City, $7,800.

After county revenue for May showed a relative decline in growth (1.11%) compared to other months in the 2021-22 fiscal year, finance office staff distributed information to county commissioners comparing June of this year to June 2021 and 2020.

Staff said a monthly “decline” was expected after strong monthly growth figures throughout 2021 on the heels of slow or negative growth during the pandemic.

In May 2020, for example, sales tax revenue was down half a percent from May 2019. Then, in May 2021, sales tax revenue rebounded with growth of more than 34 .5% ($1.63 million) from the gloomy May 2020 Economic Snapshot.

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Revenue for May of this year, countywide, represents a two-year growth of more than $1.7 million, or nearly 35.2 percent, staff said.

Half of the sales tax revenue going to the county and its cities goes to local school systems:

Sullivan County Schools’ share for the 11-month period is $14.6 million, up $1.26 million from the same period a year ago. While developing the county’s budget for this fiscal year, education officials expressed concern over the county commission’s decision to calculate school system revenue by changing the feed to include more sales tax. and less property tax.

Proponents of the system have objected to the growth in sales tax revenue that occurred from July 2020 to June 2021.

They said that if this growth turned out to be artificial, the system would run into a deficit.

Kingsport City Schools’ share is $11.7 million, up $1.46 million from last year.

Bristol, Tennessee, City schools’ share is $6.49 million, up $631,000 from last year.

Johnson City Schools’ share is $126,000, down $7,000.

Each locality’s nonschool share for the 11-month period: Sullivan County, $5.3 million, up $628,000; Kingsport, $18.65 million, up $1.9 million; Bristol, $8.2 million, up $826,000; Bluff City, $331,000, up $16,000; Johnson City, $437,000, down $20,000.

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