City's sales tax dips slightly in October
Monday, December 24, 2012 12:00 AM
Philadelphia's sales tax collections saw a 1.3 percent decrease or about $3,629 in October.
The city posted October collections of $284,886.91, compared to $288,515.58 for the same month in 2011.
Sales tax collections for July 1 to-date are up about 1.6 percent or $24,600.
Philadelphia's tourism tax for October totaled $6,760, compared to $6,425 for the same month in 2011. Tourism tax collections are up about $1,574 so far for the year or about 3.5 percent.
The city collects an additional 3 percent tax on hotel rooms. Those monies are used to promote tourism.
Many Philadelphia merchants are reporting increased sales this holiday season and the cooler temperatures were expected to bring out more shoppers.
Sales tax collections make up more than half of the city's revenue stream, which funds such operations as police, fire and street departments, among others.
The state's sales tax collections have a three-month cycle. Tax is collected by the retailer one month; it is reported and paid to the state Tax Commission by the retailer the second month; and the diversion is paid to the cities by the Tax Commission the third month.
The following figures reflect taxes collected on October sales with 2011 figures in parenthesis:
Canton: $205,597 ($177,495).
Carthage: $125,753 ($125,382).
DeKalb: $20,196 ($19,724).
Flowood: $786,757 ($768,235).
Forest: $160,119 ($170,854).
Kosciusko: $158,953 ($161,372).
Louisville: $140,360 ($135,836).
Madison: $463,254 ($409,492).
Meridian: $1,170,129 ($1,082,942).
Starkville: $470,242 ($460,505).
Union: $27,634 ($29,495).