An upward trend for local tax collections slowed in the latest reported month, with sales tax holding close to even and the tourism tax taking a dip.
After making its first gain since the onset of the pandemic last month, the tourism tax dropped 14 percent in funds returned at mid-January. The 2 percent tax on restaurant food and lodging generated $107,399, off by $17,771 from a year earlier.
Special taxes across the state were generally in the red for the month, with an overall decline of 6.5 percent.
The funds reflect sales activity that occurred in local restaurants and hotels during the month of November. The city’s sales tax diversion for that same period mustered a minimal increase, at $564,858.82, rising 0.7 percent, or about $3,900, from the prior year. Statewide, sales tax collections rose 3.2 percent, and 11 of a dozen area municipalities posted gains for the month.
The latest month’s sales tax diversion increase, though modest, extends the city’s run to seven consecutive months of growth. It also sets a new high bar for the month.
For the year to date, the city’s cumulative sales tax total goes to $2,200,598.66, up 4.9 percent, or about $103,000, from the prior year.
Other sales tax results from the region, according to the Mississippi Department of Revenue:
n Booneville – $185,394.39 (+14 percent)
n Burnsville – $14,072.70 (+4 percent)
n Farmington – $3,511.81 (-41 percent)
n Glen – $5,008.39 (+26 percent)
n Iuka – $82,410.61 (+18 percent)
n Kossuth – $4,920.29 (+41 percent)
n Rienzi – $3,580.17 (+6 percent)
n Ripley – $128,434.59 (+0.1 percent)
n Tishomingo – $13,374.91 (+8 percent)
n Tupelo – $1,912,495.55 (+5 percent)
n Walnut – $23,793.25 (+7 percent)