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Tax collections mixed for month
by Jebb Johnston
Oct 27, 2017 | 3232 views | 0 0 comments | 13 13 recommendations | email to a friend | print
The new fiscal year opened with a mixed month for local tax collections.

Sales tax was off by 7 percent in the opening frame of FY 2018 for Corinth, while the tourism tax posted a modest increase. The sales and tourism tax funds returned to the city at mid-October reflect sales activity in local businesses during the month of August.

The sales tax diversion of $469,606.91 is down about $37,000, or 7.4 percent, from a year ago. The city ended FY 2017 with a decrease of 1.7 percent from FY 2016.

The latest month was not a particularly robust one across the state, with all municipal sales tax diversions rising one-third of a percentage point.

The 2 percent tourism tax launches the new fiscal year with $110,893.64, rising 2.7 percent from a year ago, after finishing FY 2017 with a 0.2 percent decrease from FY 2016.

It was the first month for Booneville to collect a special tax diversion after voters passed a tourism tax. The city received $1,884. Tishomingo County’s tourism tax on lodging generated $1,545, down from $2,078 a year ago.

Other sales tax results from the region:

• Booneville — $159,911.98 (-2%)

• Burnsville — $15,438.04 (+6%)

• Farmington — $2,392.16 (+5%)

• Glen — $3,332.46 (+44%)

• Iuka — $68,919.89 (-2%)

• Kossuth — $3,638.87 (+17%)

• Rienzi — $3,843.75 (-10%)

• Ripley — $117,787.17 (+0.2%)

• Tishomingo — $13,520.53 (+23%)

• Tupelo — $1,676,937.96 (+1%)

• Walnut — $19,445.92 (+4%)

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