Sales tax record shows strong Tupelo economy
TUPELO, Miss. (AP) – The city of Tupelo has for the first time collected more than $20 million in sales tax revenue during a single fiscal year.
The Northeast Mississippi Daily Journal reports that record-setting milestone caps off a fiscal year in which Tupelo’s sales tax revenue has consistently shown growth month after month.
Thus far during the 2015-16 fiscal year, which ends Sept. 30, the city has collected $20.1 million in sales tax revenue.
Across the 2014-15 fiscal year, Tupelo collected $18.7 million in total sales tax revenue, a figure which at the time seems to have been a record-high.
Mayor Jason Shelton said in a written statement he expects continued growth of the Tupelo economy.
