By STEVEN NALLEY
Starkville’s 2011 restaurant tax revenues are ahead of the pace set in 2010 by a full month’s worth of revenue, according to the city’s sales tax report.
Also, revenues from both Starkville’s 2 percent restaurant taxes and sales taxes increased in October, pulling ahead of totals for the same month in 2010.
Starkville Mayor Parker Wiseman said the October 2011 sales and restaurant tax revenue report was very encouraging.
“We look forward to finishing the year strong,” Wiseman said. “By all signs outwardly, we had a strong holiday season, so we’ll be excited to see the sales tax reports for November and December and also to see how we finish out the year 2011.”
Total restaurant tax revenues for 2011 through October add up to $1,243,268.05, ahead of January-October 2010’s total of $1,172,993.12. This means 2011 is also on pace to beat the annual restaurant tax revenue record of $1,388,189.86 set in 2010, potentially by a margin akin to an extra month’s worth of revenues.
November and December restaurant tax revenues would only need to bring in $94,921.81 to equal last year’s totals. December alone brought in more restaurant tax revenue than that last year, at $96,485.74.
Total sales tax revenues for 2011 through October add up to $4,469,531.13, ahead of January-October 2010’s total of $4,388,389.63. This keeps 2011 on pace to beat the annual Starkville sales tax revenue record of $5,317,568.11 set in 2010.
November and December 2011 sales tax revenue would have to average $424,018.49 to equal last year’s totals. Both months exceeded that number last year.
The total sales tax revenue for October 2011 was $460,505.34, an increase of 7.01 percent over revenue for October 2010. The revenue was less than September 2011’s intake of $467,034.81, but it was the fourth-highest total for all months to date in 2011.
The total restaurant tax revenue for October 2011 was $132,486.89, an increase of 6.56 percent over revenue for October 2010. For the year, the revenue was second only to August 2011’s record-setting intake of $144,208.08.
October 2011 was the most prolific October on record for both sales taxes and restaurant taxes, dating back to 1999.
The 7.01 percent sales tax revenue gain was the largest for the month since 2007, which marked a gain of 11.34 percent. The 6.56 percent restaurant tax revenue gain is less than an 11.22 percent gain posted for October 2010.