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Oakland Sales Tax Is Up, Others Down In Yalobusha

By Jack Gurner

OAKLAND – Sales tax collections continue to grow in Oakland while both Water Valley and Coffeeville are down from the same time last year.

The latest figures from the Mississippi State Tax Commission show that Oakland has received $60,230.25 in sales tax returns from July 1, 2010, through May 31, 2011. That’s up almost $7000 from the same period in the previous fiscal year.

Water Valley received $420,190.55 for the period, which is down more than $26,000 from last year’s $446,489.42. Coffeeville received $99,720.38, down from $110,909.87 last year.

All three municipalities are up from the same period ten years ago in 2001 when Oakland received just $19,615.94, Water Valley received $398,696.28, and Coffeeville received $99,488.07.

About two percent of the seven percent Mississippi sales tax is returned to the municipality in which it was collected.

Neighboring towns including Oxford, Bruce, Grenada, and Batesville, all showed increases. Mississippi is up two percent overall.

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