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Columbia, TN Sales Tax Revenue Growth Continues To Break Previous Records As Of Mid-year
Halfway through FY2015-2016, the City of Columbia's mid-year collections have reached 9.5% YTD compared to January 2015, exceeding the State of Tennessee's own YTD estimates for sales tax growth through January 2016 (7.14%).
City of Columbia, TN sales tax revenue growth year-to-date (YTD), half way through FY2015-2016, continues to break previous records compared to the same point in time during prior budget years.
Local sales tax collections YTD also exceed the State of Tennessee's own YTD estimates for sales tax growth through January 2016.
The Tennessee Department of Revenue reports a 7.14%% increase as of December 2015 YTD, or the same period of time last year, whereas the City of Columbia's mid-year YTD collections have reached over 9.5% compared to January 2015 YTD, the total amount collected $5,050,242.
Given a two month delay from the date of sale locally to when funds are received by the City, the figure above does not yet include collections following from revenues generated by December 2015 holiday shopping. Historically, December is the highest sales tax revenue generating month each year.
A snapshot comparison of the last two full years shows that local sales tax revenue in FY 2014-2015 grew 7.4% compared to the prior year, FY 2013-2014.
The City anticipates current year local sales tax revenues to continue to exceed budget estimates. Higher than budgeted local sales tax collections follow from increased business activity, including new business formation and relocations as well as expansion of existing businesses. Each of these factors contributes to increased overall gross sales within the City of Columbia.
Figure 1 shows local option sales tax (LOST) collections' rate of growth, January YTD, over the last 8 years. If trends continue, increased collections and a strong growth rate are anticipated to continue during the current fiscal year.
Local sales tax collections and multi-year trends offer one more indicator of increased business activity in Columbia, TN.
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Burn Calories Not Ca$h
Join the Columbia Armory Fitness Center Today – Columbia's newly renovated Armory Fitness Center is packed with free-weights, strength and cardio equipment that can help you on your way to reach all your desired physical fitness and health goals. Low membership rates range from $3 for a one-day pass, $20 for one month, up to $75 an individual annual membership. Stop by today for a tour or call to schedule a personal guided walk through of the facility and equipment. Don’t forget to ask about our Health & Fitness Orientation, (931) 380-2742.
Public Infrastructure Improvement Program
With the 2013-2014 budget, Columbia City Council Members approved $1.8 million in infrastructure projects. The projects, ranging from sidewalk replacement to major drainage system repairs, will be completed over the next three years. The program includes projects in each of the city’s five wards.
Columbia residents can follow these projects in two ways. First, residents are invited to periodically check the city website for news and photos of recent projects. Second, residents should look for the orange and red Columbia “Works” logo posted on signs at work sites; these signs will be posted only when the improvements are being done as a part of the Columbia Works program.
The City of Columbia (Population: 34,681, Source: 2010 Census) is located approximately 45 miles south of Nashville in the heart of Maury County. Our city offers something for everyone, whether your interest is historical homes, sports, antiques, shopping, or mules. Did someone say mules?
That's right! A week in April is devoted entirely to the four-legged animal that played such an instrumental role in the settlement of our community. The annual Mule Day Parade attracts over one hundred thousand spectators from throughout the United States and abroad.
Columbia is also the ancestral home of the eleventh president of the United States, James K. Polk. The Polk home is located just two blocks from the center of town.
We hope you find our website helpful. If you need more information, please call (931) 560-1500, choose an option from the list of departments and services, and our friendly staff will be happy to speak with you.
City Hall is located at 700 North Garden Street, Columbia, Tennessee 38401. Office hours are Monday - Friday, 7:30 a.m. until 4:00 p.m.
It is the policy of the City of Columbia that all City-sponsored public meetings and events are accessible to people with disabilities. If you need assistance in participating in a meeting or event due to a disability as defined under the ADA, please call the City’s ADA Coordinator at (931) 560-1565 or e-mail email@example.com at least three (3) business days prior to the scheduled meeting or event to request an accommodation.