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Sales, tourism tax see modest declines
by Jebb Johnston
Mar 16, 2017 | 746 views | 0 0 comments | 58 58 recommendations | email to a friend | print
Corinth’s sales and tourism taxes saw modest declines in proceeds returned to the city this week.

The city’s share of sales tax totaled $617,074.92, slipping 2.2 percent, or about $12,000, from the same month a year ago. The figure reflects sales activity in local businesses during the month of January.

The fiscal year’s total goes to $2.647 million, 0.8 percent less than same point in the prior fiscal year.

Collections across the state rose 4 percent for the month compared to a year ago, and eight of a dozen area municipalities had increases.

The 2 percent tourism tax on restaurant and lodging sales generated $97,762.51, a slight decrease of 1.8 percent from a year earlier.

Despite some recent declines, the numbers are considered to remain strong overall as a result of the record growth of the last few years.

Other sales tax results from the region (percentages are rounded):

• Booneville — $138,340.64 (+3%)

• Burnsville — $12,996.03 (+2%)

• Farmington — $2,183.04 (-16%)

• Glen — $2,117.47 (+54%)

• Iuka — $73,366.52 (+34%)

• Kossuth — $3,346.01 (+34%)

• Rienzi — $4,678.08 (+43%)

• Ripley — $99,273.41 (-2%)

• Tishomingo — $11,220.02 (+30%)

• Tupelo — $1,462,952.17 (+6%)

• Walnut — $16,777.36 (-26%)

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