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Nov. 2010 sales tax revenue dips

January 27, 2011


Starkville’s sales tax collections for November 2010 show close to a 3.5 percent decrease over those for the same month in 2009, the latest figures from the Mississippi Tax Commission show.
But if the current monthly average collection holds, the city will record a new all-time high in sales tax revenue for 2010.
It takes the Tax Commission two months to process the revenues and report back the collections to municipalities. City officials received the latest tax figures this week.
The city saw $429,947.02 in sales tax revenues for November 2010. The level is an decrease of $15,543 from October 2009, which saw $445,490.02 collected.
But if the monthly average for the first 11 months of 2010 — $438,030.60 — holds true for the yet-to-be-released December collection, the city will surpass the total $5,129,757.10 in sales tax collected for 2009. To match the 2009 total, the sales tax figure for December will have to hit at least $311,420.45.
Collection of the 11-month average for 2010 would put collections for the year more than $126,000 ahead of the 2009 level.
Starkville’s sales tax collections for the first 11 months of 2010 are more than $165,000 above what was collected for the same period in 2009, according to the latest figures reported by the Tax Commission.
For the first 11 months of 2010, the city has seen $4,818,336.65 in sales tax collected as compared to the $4,652,989.50 collected for the same period in 2009.
Revenues from the 2 percent restaurant and hotel tax have also held steady and have seen incremental growth for the first 11 months of 2010. For November 2010, local hotels and restaurants collected $118,711 in 2 percent tax revenues as compared to $115,292.80 for November 2009.
The combined 2 percent tax revenues from January to November 2010 show a marked increase over 2009.
The 2 percent tax collections for the first 10 months of this year total $1,291,704.12 as compared to the $1,226,505.24 collected for the same period for 2009 — an increase of $61,780.68.
The first 11 months of 2010 have seen a monthly average of $117,427.65 in 2 percent tax collections. For 2009, the monthly average was $110,173.07.
The 2 percent tax revenues are split among the Starkville Convention and Visitors Bureau (15 percent), the Starkville Parks and Recreation Department (40 percent), the city (10 percent), the Oktibbeha County Economic Development Authority (15 percent) and Mississippi State University (20 percent).
The CVB and EDA are both member agencies of the Greater Starkville Development Partnership.

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