Home » NEWS » Natchez sales tax collections slump since 2008

Natchez sales tax collections slump since 2008

 

NATCHEZ — The Natchez city clerk says hot weather led to a cool down in local economic activity, and that caused a drop in sales tax collections.

The most recent figures available show Natchez took in 3.3 percent less this June than it did for the same month a year earlier.

Sales tax figures are reported to the city two months after the money is collected.

City Clerk Donnie Holloway says June was hot, and he didn’t see much activity downtown. He thought the drop-off would be more substantial than it was.

Since the city’s budget year started last October, Natchez has seen a drop in sales tax collections for every month except February. The drop is compared to the corresponding months for the previous fiscal year.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*