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Starkville’s Sept. sales tax revenues reflect stability

November 20, 2011


Revenue from Starkville’s sales tax and 2 percent restaurant taxes for September 2011 were stable compared with last September, with a slight increase in sales tax revenue and a slight decrease in 2 percent tax revenue.
The sales tax revenue total for the month was $467,034.81, up .74 percent versus September 2010’s revenue. The 2 percent restaurant tax revenue for the month was $124.999.30, down .02 percent versus September 2010’s revenue.
The sales tax revenues for September 2011 were still the highest September revenues on record, dating back to 1999.
Total sales tax revenues for 2011 through September add up to $4,009,025.79, ahead of January-September 2010’s total of $3,958,053.47. This keeps 2011 on pace to beat the annual Starkville sales tax revenue record of $5,317,568.11 set in 2010.
Restaurant taxes are also on pace to beat their annual record of $1,388,189.86, also set in 2010. Revenues for 2011 through September add up to $1,110,781.16, ahead of January-September 2010’s total of $1,048,660.58.
The stable September came immediately after a booming August for Starkville tax revenues. August 2011 revenue from Starkville’s 2 percent restaurant taxes set an all-time monthly record of $144,208.08, ahead of the $143,510.53 record set in March 2008. August 2011 marked a gain of 22.19 percent versus August 2010, and sales tax revenues for August also increased 7.15 percent between 2010 and 2011.
In October, Starkville Mayor Parker Wiseman said he hoped to see August mark the beginning of a trend of revenue gains, because such a trend would indicate sales driven by record enrollment at Mississippi State University. Wiseman said that trend could still exist because the city measures trends over several months.
“This is never a figure that you follow month to month,” Wiseman said. “You look quarterly, semi-annuallly and annually and try to analyze that to see whether sales in the community are on the rise or on the decline. If you get into the pattern of what one month tells you compared with the next month, clearly you don’t get an indication of what the real trend might be. Overall, we’re still seeing a stable trend of growth in this community, and that’s encouraging.”

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