July 23, 2021
By: Dwayne Page
DeKalb County recorded a banner year in net collections of local option state sales taxes for the 2020-21 fiscal year which ended June 30.
According to the Tennessee Department of Revenue, net collections (County and Four Cities Combined) were up each of the 12 months during the fiscal year (July 1, 2020 to June 30, 2021) compared to the same time period in 2019-2020. The best performing month for net collections in 2020-21 was January at $602,647 (reflecting December activity). The weakest month was March (reflecting February activity) at $399,784.
In 2019-20, the strongest month for net collections was January, 2020 at $488,761 (reflecting December activity) and the weakest month was February, 2020 at $340,857 (reflecting January activity)
DeKalb County’s share of local option sales tax collections for June 2021 outperformed the same month in 2020 by more than $45,000 according to the Tennessee Department of Revenue. For the county and the four cities therein combined collections were up by more than $53,000.
DeKalb County brought in $167,815 in June, 2021 compared to $122,195 for June, 2020.
Three of the four cities within DeKalb County also hauled in more local option sales tax revenue.
The comparisons between the two months for each municipality are as follows:
Smithville: $350,327 (June 2021), $336,123 (June 2020)
Alexandria: $28, 637 (June 2021), $36,471 (June 2020)
Dowelltown: $3,366 (June 2021), $2,613 (June 2020)
Liberty: $9,078 (June 2021), $8,414 (June 2020)
NET COLLECTIONS (LOCAL OPTION SALES TAX): $559, 225 (June 2021), $505, 818 (June 2020)
June sales tax collections reflect previous month activity