Tag: news
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Kingsport, Johnson City named Best Places to Live 2025-2026
Kingsport and Johnson City are two of six Tennessee cities named to U.S. News’ Top 250 “Best Places to Live” list for 2025-2026. Tennessee cities making the Top 250 are (in order): Hendersonville, Franklin, Kingsport, Murfreesboro, Johnson City, and Nashville. Notable Tennessee cities and their suburbs not on the Top 250 list are Knoxville (Maryville,…
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Rate vs. Reality: The Real Math of Property Taxes
Explaining how property tax works is difficult at best. Today, in two separate publications from Tennessee and Virginia, I saw articles detailing rate changes. One was in Radford, Virginia, the other in Kingsport/Sullivan County, Tennessee. The articles state that Radford will increase it’s tax rate by almost 20% to $0.92, while Sullivan County’s preliminary certified…
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Kingsport’s Wage Gains in Context: When Paychecks Stretch Further
In assessing local prosperity, it’s tempting to focus on headline wage figures: “Knoxville pays $31 per hour,” or “Johnson City surged to $30.” But for Kingsport—a city long celebrated for its measured growth and community spirit—the real story lies in how those paychecks go further against local costs. By blending respectable nominal wage gains with…
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At The End of The Day, People Vote with Their Feet
I’ve come to realize that many states are trying to replicate what we have in Tennessee—no income tax, no personal property tax, and no inheritance or estate tax. At last count 15 states are trying, but it’s easier said than done because they’ve become accustomed to that revenue stream and rarely want to cut costs.…
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Unlocking Economic Growth: New Housing’s Impact on Sales Tax Revenue
I was recently asked about the fiscal impact of a typical housing development on Kingsport’s sales tax revenue. Let’s consider a recent development with 77 single-family homes and 16 condos, totaling 93 units. Assuming a median price of $350,000 per home, a buyer would need an income of approximately $80,628 to afford this with a…
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GDP Reflects the Economic Strength of Tri-Cities
Gross Domestic Product (GDP) is a key measure of a local economy’s health, representing the total value of goods and services produced within a specific area. It provides insight into economic growth, business activity, and overall financial well-being. While the Census tracks population and demographics, GDP serves as a measure of economic output and business…
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Do We Still Need Newcomers?
It’s no secret that the death rate exceeds the birthrate in every jurisdiction in Northeast Tennessee and Southwest Virginia, but we’re not alone. According to a March 2024 report from the Census Bureau, 69% of U.S. counties now have more people passing away than being born. However, 60% managed to counterbalance those losses through positive…
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Move to Kingsport – January 2025
The Move To Kingsport program was one of several initiatives launched following the 1999 Economic Summit. It was among five non-traditional economic strategies designed to help the city navigate significant downsizing in domestic manufacturing, a sector crucial to Kingsport’s industrial heritage. The other four strategies focused on higher education (notably a downtown campus), tourism (including…
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Finance: Love It or Hate It, It Matters
Finance. Ugh. It’s a topic that’s both critically important and endlessly dull for many. But let’s break it down in a way that actually matters: Just like managing a personal budget, is your government living within its means? Is it making politically popular promises it can’t sustain? Is it simply kicking the can down the…
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A Realtor’s Guide to Regional Schools
The Tennessee Department of Education’s recent report card offers insights that go beyond surface appearances—much like the values we cherish in people, it’s what’s inside that truly counts. Pro Tip: If you want to cut to the chase, look at the link/chart at the bottom of this article. Education isn’t just about modern buildings or…
Kingsport Spirit 