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Sales tax drops,
tourism tax rises
by Jebb Johnston
Apr 15, 2017 | 931 views | 0 0 comments | 36 36 recommendations | email to a friend | print
A down month for sales tax collections across the state was also felt in Corinth, although the tourism tax posted a healthy increase for the month.

Sales tax collections across Mississippi were collectively down by 9.2 percent in funds returned to cities this week compared to the same month a year ago, with seven of 12 area municipalities following that trend. The latest reporting period reflects sales activity that occurred during the month of February.

With a sales tax diversion for the month totaling $489,219.03, Corinth saw a decrease of about $24,000, or 4.7 percent, from a year ago. The fiscal year total, through seven months, is $3.577 million, down by 1.8 percent from the prior year.

The sales tax diversion has seen a decrease for three consecutive months. City officials note the recent decreases are compared to prior months that were part of a record-setting fiscal year.

It was a better month for the 2 percent tourism tax, which generated $123,949, an increase of 15.5 percent from a year ago. It is the largest single monthly total to date for the tax on restaurants and lodging.

In contrast to the decline in sales tax collections, special taxes across the state collectively posted an increase of 11 percent for the month versus a year ago.

Other sales tax results from the region:

• Booneville — $167,291.28 (+4%)

• Burnsville — $12,920.38 (-7%)

• Farmington — $2,264.34 (-12%)

• Glen — $1,776.68 (+19%)

• Iuka — $61,481.35 (-29%)

• Kossuth — $3,157.25 (-17%)

• Rienzi — $4,310.11 (+19%)

• Ripley — $105,702.04 (-5%)

• Tishomingo — $12,609.69 (+29%)

• Tupelo — $1,631,119.28 (-5%)

• Walnut — $17,214.43 (+2%)
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