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Sales Tax Stats Indicate Flat Receipts This Year

Staff Report

WATER VALLEY – While the the national economy continues to show signs of improvement, the local area has hit a plateau, considering recent sales tax collections.
    All three municipalities in Yalobusha have recorded a decrease in sales collections during the first 10 months of the fiscal year.
    Since July 1, 2012, when the current fiscal year began, Water Valley’s portion of sales tax collected in the municipality is down a half percent compared to  the same period last year.
    Water Valley has received $389,626 for its share of sales tax collected during the fiscal year.
    Coffeeville has recorded a larger 10 percent decrease in sales tax collected during the fiscal year. Coffeeville has received $103,128.04 since July 2012.
    Oakland has recorded a much smaller decrease, down 1.4 percent for the fiscal year. Oakland has received $58,227.53 during the same time period.
    Neighboring and nearby municipalities received the following amounts with percentage of change during the fiscal year are as follows: Bruce, $398,637, +1; Calhoun City, $243,093, -1; Charleston, $282,261, -3.5; Batesville, $3,214,641, +1; Grenada, $3,359,826, +1; and Oxford, $5,697,457, +4.5.
    Sales tax totals can be used as a barometer for retail “health.”

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