Sales tax collections show decline in Philadelphia

bug


We also have more stories about:
(click the phrases to see a list)

Subjects:

 


PHILADELPHIA, Mississippi — Sales tax collections dipped 1.5 percent in June but city officials remain optimistic about prospects for the new fiscal year that begins Oct. 1.

The Neshoba Democrat reported (http://bit.ly/1rB7qVa) Philadelphia recorded $332,701 in sales tax collections in June, down from the $338,009 reported for the same month a year earlier.

Sales tax collections make up more than half of Philadelphia's revenue stream and pays for such city operations as police, fire and street maintenance.

Mayor James Young said he was surprised by the numbers but not discouraged.

"We are still above where we thought we would be so it's still been a good year," he said. "We've got one month left in the (fiscal) year to see where we are and if we will finish strong."

Philadelphia's tourism tax rose 32 percent — or $31,297 — for the last 12-month reporting period when compared to same period a year earlier.

Philadelphia collects an additional 3 percent tax on hotel rooms. The money is used to promote tourism.

Young said he believed the increase in tourism taxes collected was due to people traveling to Philadelphia.

"We've got a good historical base and it has been received well," he said. "The hospitality of local businesses and the people have helped."


Information from: Neshoba Democrat, http://www.neshobademocrat.com

All content copyright ©2014 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.