Supply are generally also large contributors, however until the recent weather related construction work became available building projects, both locally and Nationally, we put on virtual hold.
Dandridge Finance Director Bryan McCarter has been carefully monitoring the sales tax increase in the Dandridge area and stated that a more than 30% jump in July 2011 ( compared to July 2010 ) could be contributed, in part, to the Bass Tournament. McCarter said that both August and September showed a significant increase of around 15% over last year. Dandridge had been name a Destination Location and has actively been seeking tourist traffic and it does have a thriving interstate exit that brings in travelers off of the road, as well as tournaments at the Field of Dreams.
Monica Myers, the Jefferson City Recorder, stated that the City is running about 8%, on a three month average, above last year. She said that back to school sales and the Holidays always bring in higher sales tax, however there has been an increase over last year. Myers expects the numbers to slow a bit after Christmas but says that the economy may actually be helping drive the sales tax revenue up in the County. Jefferson County residents may be shopping closer to home, especially in light of the ups and downs of gas prices. Local shopping translates to increased sales tax revenue.
McCarter stated that Dandridge is pleased with the increased revenue, especially when the housing market is facing such challenges and property tax collection is not as easy as it was during pre recession times. Dandridge has shown steady increases since 2006, which is unusual in a down economy.
Jefferson County is also fairing well with sales tax revenue and is, in fact, one of the few Counties in the State that has shown a consistent increase in sales tax. One half of the sales tax that is collected inside the City limits goes to Jefferson County. Sales tax revenue in Jefferson County is committed to Education.