Tupelo Sets Sales Tax Record

TUPELO, Miss. (AP) – Tupelo’s recent sales tax revenues marked a significant milestone for the city.

The Northeast Mississippi Daily Journal reports (http://bit.ly/1Gt9UQw ) the city received more than $2 million in sales tax revenue for the month of December. That’s the most that’s ever been collected for any month in the city’s history.

The state disperses cities’ share of sales tax several months behind, and Tupelo Chief Financial Officer Kim Hanna recently received the news that December sales were up 10 percent from the $1.8 million collected during the last fiscal year.

Also, in January, which is typically the city’s lowest month for collections, Tupelo’s share of the sales tax was up 9 percent, which adds $100,000 to the city’s general fund operating revenue.