City sales tax revenue up 7 percent

From Staff Reports

 

Eupora saw a 7 percent or $2,404 increase in sales tax collections during October.

The city reported $36,331 in sales tax for October, up from the $33,927 for the same month in 2012. Since the state fiscal year began July 1, Eupora has seen about a half-percent decrease in sales tax or $980 compared to the same period a year earlier.

Mathiston’s collections of $14,760 in October were down a negligible $53 from the $14,813 collected the same month last year. Fiscal year-to-date collections are down about 1.5 percent or $1,165.

The Mississippi Department of Revenue collects 81.5 percent of the 7 percent sales tax from municipalities and distributes the remaining 18.5 percent back to the municipalities over a three-month cycle.

These figures reflect other municipal sales taxes collected on October sales with 2012 figures in parentheses:

• Maben: $6,353 ($5,934)

• Mantee: $2,737 ($3,267)

• Walthall: $1,934 ($1,743)