Sales Tax Shows Modest Growth In 2012
WATER VALLEY – Blame it on the presidential election, the looming fiscal cliff or the failed Mayan prediction touting the end of the world, folks across the country were cautious when it came to spending money in 2012.
However in Yalobusha County all three municipalities recorded a slight increase in sales tax collection during the first 11 months of 2012, according to figures from the Mississippi Department of Revenue.
Water Valley saw a 3.67 percent increase in its share of sales tax disbursements – approximately 18 percent of the seven percent sales tax on items sold within the city limits. Water Valley has received $440,549.36 from January to November, compared to $424,952.01 for the same 11 months in 2011. Figures from December will not be available until next month.
Coffeeville has recorded a 6.4 percent increase in the 11-month period. This year Coffeeville received $120,027.25, compared to $112,776.69 in 2011.
Oakland experienced a seven percent increase in 2012, from $66,498.91 in 2012 to $62,124.53 in 2011.