Collierville enjoying steady sales tax growth
Strong, consistent sales tax revenue has become an annual trend in Collierville.
In 2019, the town brought in $16,748,812 in sales tax revenue. The number is up more than $700,000 from the amount the town collected the previous year.
Town Administrator James Lewellen said residents shopping in Collierville rather than traveling to neighboring suburbs helps the revenue amount. Simple purchases like personal items aids the growth, he said.
As the industrial market grows, retail grows with it. Duncan said industrial, commercial and office development have been “solid.”
The relocation of the IMC Companies headquarters to Collierville will produce 175 jobs. It will push the town’s total of corporate jobs past 4,000. That’s a boost because Duncan said a significant addition of daytime jobs attracts and drives retail and restaurants. To read more, visit Collierville enjoying steady sales tax growth – The Daily Memphian
Posted: January 31, 2020