Talk Business: Jonesboro, Craighead Co. see increase in tax reve - KAIT Jonesboro, AR - Region 8 News, weather, sports

Talk Business: Jonesboro, Craighead Co. see increase in tax revenue

(Source: AP Graphics Bank) (Source: AP Graphics Bank)

Jonesboro and Craighead County are seeing a jump in revenue from sales taxes.

Sales tax collections in both Jonesboro and Craighead County are up more than 5 percent compared to this time last year.

According to Talk Business and Politics, Jonesboro collected $11.6 million in city sales and use tax in the first seven months of 2016. Craighead County collected $12.8 million in sales and use taxes during the same time period.

Jonesboro economic leaders say the primary reason for the growth is the long-standing steady population growth.

Jonesboro Regional Chamber of Commerce Executive Director Mark Young told Talk Business and Politics that the area has seen a steady 3 percent growth each year since the 1970s.

“It’s really an important statistic for our community,” Young said. “It shows steady growth, something all communities strive for.”

Young also attributed the increase in money to the area’s low unemployment rate.

For more information from Talk Business and Politics, click here.

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