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Sales, tourism tax has solid gains
by Jebb Johnston
Aug 27, 2014 | 65 views | 0 0 comments | 5 5 recommendations | email to a friend | print
Sales and tourism tax collections made solid gains in the latest reported month.

Both taxes saw increases of about 8 percent in the mid-August deposits. Seven of 11 northeast Mississippi communities experienced gains for the month, while results were mixed across the state with a 1 percent decrease statewide.

Corinth’s latest sales tax deposit is $523,393.52, compared to $484,690.06 a year earlier. The total reflects sales made in local establishments during the month of June and includes the first few weeks of Cracker Barrel’s business in the city.

It is the eighth consecutive month of positive growth for the city’s sales tax. The year-to-date total is at $5.337 million, up 5 percent, with one more deposit to be added in the current fiscal year.

The tourism tax, meanwhile, rebounded to the plus side after two months of decreases. The 2 percent tax on prepared food and lodging generated $103,893.54, about $7,500 more than a year earlier. Despite the two prior decreases, it remains in the black for the fiscal year with a total of $1.033 million, up almost 2 percent, or about $18,000.

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

• Booneville - $149,154.82 (+1%)

• Burnsville - $15,142.03 (+38%)

• Farmington - $4,041.88 (-16%)

• Glen - $1,946.24 (+9%)

• Iuka - $68,287.31 (-7%)

• Kossuth - $3,706.02 (-4%)

• Rienzi - $4,589.91 (+1%)

• Ripley - $104,200.41 (+6%)

• Tupelo - $1,531,296.80 (+3%)

• Walnut - $18,089.05 (-2%)
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