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Tax revenues open year on strong note
by Jebb Johnston
Oct 19, 2013 | 37 views | 0 0 comments | 6 6 recommendations | email to a friend | print
The recent uptick for Corinth’s sales tax results continued as the first collections of the new fiscal year hit the books.

Most of the region fared well, with nine of 11 area municipalities posting increases from the same month a year ago. That was in line with the statewide trend as collections rose 5 percent across Mississippi to $33.869 million.

Corinth’s sales tax diversion received this week is $458,279.58, a 3 percent gain from a year ago. It reflects sales activity in local establishments during the month of August.

City Clerk Vickie Roach said it’s the best result for that month since 2007.

It is the fourth consecutive monthly gain for the city’s sales tax result. Fiscal 2013 ended with growth of 1 percent compared to fiscal 2012.

The largest sales categories in the city for the month were food at $9.20 million, up from $8.34 million a year earlier, and general merchandise at $8.91 million, up from $8.69 million.

The tourism tax also continued to grow, posting a 12th consecutive monthly increase and setting a new high for the current month. The monthly total of $96,330.53 is up 11 percent from a year earlier.

The 2 percent tax on prepared food and lodging ended fiscal 2013 with a gain of 5 percent.

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

• Booneville — $159,745.69 (+7%)

• Burnsville — $12,917.70 (+3%)

• Farmington — $3,852.85 (-27%)

• Glen — $2,610.14 (+48%)

• Iuka — $65,276.36 (-9%)

• Kossuth — $3,666.80 (+2%)

• Ripley — $100,982.64 (+4%)

• Tupelo — $1,484,716.30 (+2%)

• Walnut — $15,391.67 (+1%)
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