CRAIGHEAD COUNTY, AR (KAIT) -It looks like a couple of things are up in Northeast Arkansas; people and money.
According to an article in Talk Business and Politics, Jonesboro collected $1.413 million in sales and use taxes during April. This is a 10.15% increase from 2018. The first four months of the year, the city collected $6.406 million. That number is a 7.66% increase compared to 2018.
However, the budgeted amount for the month of April shows the numbers are slightly down.
Officials anticipated sales and use tax of $1.493 million, showing the budgeted amount is down 5.33% or $79,611. But, the city has collected $258,448 more than budgeted since the beginning of the year, which is a 4.2% increase.
Craighead County looks much the same. The county collected $1.559 million in taxes during April, a 7.67% increase compared to 2018, according to the Craighead County Treasurer’s Office.
The county collected $7 million for the year, which is a 7.3% increase from the same period in 2018.
City leaders and economists have theories about the success taking place in Northeast Arkansas over the past four decades.
The area’s diverse job base includes agriculture, food processing, medical, Arkansas State University and professional services.
Such a wide range has had an insulating effect, along with a population growth, officials have said.
According to the U.S. Census Bureau, Jonesboro has seen about a 3% increase in population growth every year since the 1970′s.
Jonesboro had 76,000 residents in 2016 and was the fifth largest city in the state, according to the 2010 Census.
The city is the second largest in the state geographically, following only the state’s capital, Little Rock.