CORINTH, Miss. (AP) - Sales and tourism tax collections were at near-record levels for mid-February deposits, reflecting sales activity at local businesses in December.(backslash)
“The last time we saw these numbers was pre-recession,” said City Clerk Vickie Roach.
The Daily Corinthian reported (https://bit.ly/1exdlDD) the city’s share of sales tax was $585,937, an increase of about $20,000, or 3.6 percent, in year-to-year comparisons.
It was the third consecutive monthly increase. The fiscal year total year-to-date was $1.847 million, a 4.7 percent increase from the same period in the previous fiscal year.
The 2 percent tourism tax on prepared food and lodging had its second-best month to date, generating $108,653, an increase of about $16,000, or 17 percent, from a year earlier.
Tourism tax collections for the fiscal year-to-date were $451,950, a 4 percent increase from the same period a year earlier.
The local numbers were better than elsewhere in Mississippi.
Statewide, sales tax collections declined 1.8 percent in December. In northeast Mississippi, seven of 11 municipalities reported declines for the month over the previous year.
The December sales tax share in Corinth was the city’s best performance since collections for December 2006.
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Information from: The Daily Corinthian.
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