Northeast Arkansas’ economy continues to thrive if sales and use tax collections are any indication of consumer spending in Craighead County and Jonesboro.
In October, the city collected $1.633 million in sales and use taxes, a 5.72% ($88,388) increase from October 2018, according to the city. When compared to the budget, it’s a 22.52% ($300,233) increase.
For the year, the city has collected $15.893 million in sales and use taxes, a 4.92% ($745,389) increase as compared to the first 10 months of last year. The city is 4.85% ($735,078) ahead of its budgeted projections through October of this year.
Craighead County has experienced similar growth trends this year. The county finished October with $1.833 million in sales and use tax collections, a 5% increase from the same month in 2018.
For the year, the county is up about 6% as compared to the first eight months of last year, according to the Craighead County Treasurer’s Office.