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Tourism tax continues climb
by Jebb Johnston
Jul 22, 2013 | 196 views | 0 0 comments | 8 8 recommendations | email to a friend | print
Tourism tax collections continue at a record pace while sales tax holds steady on flat growth.

For a third consecutive month, the 2 percent tourism tax on prepared food and lodging in Corinth generated more than $100,000. Funds returned to Corinth at mid-July reflect sales activity from May.

Prior to the current streak, the special tax had only reached six figures one other time about two years ago. The current month’s total of $101,857.32 is an increase of 3.5 percent, or about $3,500, from a year ago and takes the fiscal year total to $918,719.77, a 5 percent increase from the same point in the prior fiscal year.

The upward trajectory for the tourism tax has been consistent although sales tax has struggled to grow. The tourism tax is currently on a run of nine consecutive monthly increases, while this month sales tax sees a sliver of an increase that puts a halt to four consecutive months of negative growth.

Sales tax crept forward about $4,000, or 0.8 percent, to $481,089.51. The year-to-date total of $4.121 million is 0.4 percent ahead of the same point a year earlier.

Collections statewide totaled $34.53 million, according to the Mississippi Department of Revenue, an increase of 3.5 percent from a year ago. Area municipalities were split, with six posting gains and five in the red.

Cities and towns will see two more sales tax deposits before closing out the fiscal year.

Other sales tax results from the region for the latest month (percentages rounded):

• Farmington - $3,661.70 (-19%)

• Rienzi - $3,634.57 (+33%)

• Kossuth - $3,472.10 (-11%)

• Glen - $1,984.70 (-6%)

• Burnsville - $12,980.42 (-1%)

• Iuka - $67,669.95 (+2%)

• Walnut - $17,086.67 (-8%)

• Booneville - $149,900.54 (+0%)

• Ripley - $111,190.13 (+7%)

• Tupelo - $1,492,693.08 (+2%)
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