Local Economy Sprints Into New Year

With sales tax rebates to both city and county indicating robust retail sales combined with a low unemployment rate, the Marion County economy begins the New Year on a positive note.

The City of Jefferson received $66,313 in sales tax rebate money in December, a 32.46 percent increase over December 2017 when the city received $50,000.

The boost outpaced the state’s booming economy where sales tax distributions to cities increased 10 percent. Marion County also saw its sales tax take grow from $23,000 to $30,000, a 29 percent gain.

Thanks to a bookkeeping correction by state accountants, Jefferson and Marion County finished 2018 with a 67 percent gain for the city and a 59 percent jump for the county.

According to the U.S. Department of Labor’s Bureau of Labor Statistics, Marion County had a 4 percent unemployment rate in November, slightly behind the state’s 3.7 percent.


 

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