There are 10 article(s) tagged Sales Tax Revenue:

• February 2023

  • Collierville, Germantown support returning more sales tax to municipalities

    Both suburbs unanimously passed similar resolutions in their respective meetings Monday, taking a formal yet strong stance on the matter.

    By Abigail Warren February 13, 2023

  • Germantown sales tax revenue strong, but budget challenges remain

    The city’s sales tax revenue is strong despite concerns of a possible recession when the budget was developed last year.

    By Abigail Warren February 08, 2023

• March 2022

  • Strickland hopeful for local share of state sales tax revenue

    As the end of the current legislative session nears in Nashville, Strickland said his long-held goal of getting a share of the sales tax revenue is “inching along.”

    By Bill Dries March 28, 2022

• June 2021

  • Lakeland approves budget, drops property tax rate to $1.04

    Lakeland settled on a $1.04 property tax rate to fund its $100.5 million budget. Increased sales tax revenues helped offset the suburb’s spending.

    By Michael Waddell June 11, 2021

• April 2021

  • Downtown Tourism Development Zone lost $5M in sales tax

    On “Behind The Headlines,” the incoming CEO of the Downtown Memphis Commission says federal pandemic relief funding due the city will likely make up the loss. The drop in sales tax revenue for the TDZ comes as sales tax revenues across the city have exceeded bleak projections at the outset of the pandemic.

    By Bill Dries April 30, 2021

• January 2021

  • Collierville sees strong sales tax revenue despite grim indicators

    Collierville leaders projected a decrease in sales tax revenue. However, halfway through the fiscal year the numbers are surprisingly positive.

    By Abigail Warren January 01, 2021

• December 2020

  • Germantown heads into 2021 hopeful about sales tax revenue

    Germantown will begin discussing its budget for the 2022 fiscal year in January. Sales tax has been better than projected in recent months.

    By Abigail Warren December 30, 2020

• June 2020

  • Collierville expects decreased revenue, but still approves 2020-21 budget

    Collierville's Board of Mayor and Aldermen unanimously approved its budget Monday. The town expects COVID-19 to negatively impact revenues.

    By Abigail Warren June 23, 2020

• April 2020

  • ‘How long’ is big question for city sales tax hit from pandemic response

    Mayor Jim Strickland takes his budget proposal to the Memphis City Council in one week for the new fiscal year that starts July 1. And the unknown factor is how much sales tax revenue the city will lose in the shutdown of many businesses as nonessential during the pandemic.

    By Bill Dries April 14, 2020

• January 2020

  • Collierville enjoying steady sales tax growth

    Collierville has seen consistent and steady tax revenue in recent years. Town leaders say it helps alleviate the pressure on property taxes, and they have reason to believe the sales revenue growth will continue.

    By Abigail Warren January 29, 2020