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By NATHAN GREGORY
Starkville‚Äôs May 2012 sales tax revenue fell $25,480.43 from May 2011‚Äôs but rebounded in June, eclipsing June 2011‚Äôs total by $25,244.44.
Figures for May 2012 were $442,991.06, a 5.44 percent dip from May 2011, while June 2012‚Äôs total reached $444,896.78, a 6.02 percent increase from June 2011.
Through the first half of 2012, the $458,338.69 monthly average for sales tax collections is at an all-time high. Last year‚Äôs monthly average was $454,264.50.
Currently revenues are on pace to beat 2011‚Äôs record of $5,451,174.03. Through six months, $2,750,032.12 in sales tax revenue was collected. If the city collects that same amount through the last six months of the year, the yearly total will be $5,500,064.24.
Starkville Greater Development Partnership Vice President for Tourism and Chief Operating Officer Jennifer Gregory said despite the May 2012 decrease, revenues are still on pace to better last year‚Äôs numbers.
‚ÄúOur collections in May were the first month in this calendar year that there has been a decrease in collections based on the year before. In the other months we‚Äôve either been steady or we‚Äôve seen a 5 or 6 percent decrease. The May numbers were not wonderful, but we made up for it in the sales tax that was collected in June,‚ÄĚ Gregory said. ‚ÄúI was very pleased with the June numbers. We‚Äôre looking forward to a great fall. I‚Äôm hopeful that it‚Äôs going to be one of the best we‚Äôve had. Hopefully we can continue this pretty remarkable gain in sales tax.‚ÄĚ
Starkville‚Äôs 2 percent restaurant tax revenue also increased slightly during May and June 2012 from those months in 2011.
May 2012‚Äôs 2 percent collection of $118,538.21 was a 9.23 percent increase over May 2011‚Äôs total of $108,521.81, while June 2012‚Äôs $112,623.96 was 2.68 percent higher than June 2011‚Äôs collection of $109,684.88.
Despite those increases, restaurant tax revenues aren‚Äôt currently poised to eclipse the 2011 total collection of $1,487,353.34. If the $742,345 that was collected in the first half of the year is matched in the second half, a total of $1,484,690 in restaurant taxes will be collected.
Gregory said she anticipates revenue generated during the fall should help provide the boost needed to top last year‚Äôs total restaurant tax collection.
‚ÄúI think the trend of trying to shop local and our efforts to try to promote that lifestyle have made an impact. We have events like unWINE where we saw unprecedented ticket sales. The whole goal behind those events is to boost retail,‚ÄĚ Gregory said. ‚ÄúMississippi State (University) had so many top notch camps they offered throughout the (summer). That really helps our merchants. There are literally thousands of young adults that come through those camps and orientation. The majority of the tourism spending that‚Äôs done in Starkville and Oktibbeha County is between August and December. I definitely expect for the 2 percent numbers to pick up quite a bit in the second half of the calendar year.‚ÄĚ
Ward 2 Alderman Sandra Sistrunk said she is reluctant to put too much emphasis on single month totals; looking long term is a better indicator of economic growth, she said.
‚ÄúI‚Äôm very pleased with the numbers. They show good string solid growth going into season that typically is our best with tax collections,‚ÄĚ Sistrunk said. ‚ÄúIf you look at it over the course of the year it‚Äôs been very positive.‚ÄĚ
Mayor Parker Wiseman said the amount collected during the first half of the year indicates that both sales tax and beverage tax revenue is continuously on the rise.
‚ÄúThis is a very positive sign. Over the first six months our sales tax collections are up over 6 percent from last year,‚ÄĚ Wiseman said. ‚ÄúThat‚Äôs a big number. The fact that it has held for six months now is a very promising sign.‚ÄĚ