Sales tax up 2% for year
Wednesday, September 4, 2013 1:00 AM
Philadelphia saw a nearly 2 percent of $72,142 increase in sales tax collections during the state's fiscal 2013 which runs from July 1, 2012, to June 31, 2013.
The city saw $3,852,448 in sales tax collections during that period compared to $3,780,306 the previous fiscal year.
The city also saw an additional $2,361 in tourism tax or 2.46 percent for the year.
Philadelphia collects an additional 3 percent tax on hotel rooms. Those monies are used to promote tourism.
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.
Philadelphia operates its fiscal year from Oct. 1 to Sept. 30.
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.
Philadelphia saw a 6 percent increase in sales tax collections in June, the latest figures available from the state Tax Commission.
The city saw $338,009 in June collections, up from the $318,713 the previous year.
Tourism tax was also up for the month, $9,237, compared to $8,014 the previous year.
The following figures reflect taxes collected on June sales in surrounding areas/cities with 2012 figures in parenthesis:
Canton: $207,580 ($195,184).
Carthage: $137,184 ($133,868).
DeKalb: $18,416 ($17,653).
Flowood: $904,082 ($855,708).
Forest: $187,806 ($188,592).
Kosciusko: $167,539 ($176,485).
Louisville: $153,673 ($146,047).
Madison: $547,082 ($482,706).
Meridian: $1,287,023 ($1,203,093).
Union: $28,640 ($30,138).