Grenada’s sales tax numbers exceeded $5 million for the fiscal year that ended June 30, 2021, something that only a handful of other cities managed to do in North Mississippi.
Grenada sales tax numbers ended slightly higher than last year’s mark of $4.7 million collected in FYE 2020. According to the Mississippi Department of Revenue, Grenada collected $5,085,437 to end the fiscal year.
Numbers recently released by the department of revenue showed that last year eclipsed 2020’s increase seven percent.
In surrounding municipalities, Greenwood collected $455,438 in June and finished with $5.1 million on the year.
Winona collected $92,658 and finished with $1.1 million on the year. Batesville collected $480,000 and is at $5.3 million on the year.
Calhoun City collected $24,947 in June and Bruce collected $44,288.
In Charleston, more than $32,613 was collected and on the year the small North Mississippi town accounted for $366,120 in sales tax revenue. Coffeeville collected $7,700 and its year-to-date is just over $113,584.
Duck Hill collected $37,000 on the year and Carrollton collected $66,347 on the year.
Up Interstate 55, Senatobia collected more than $2.6 million on the year.
Sales tax returns for cities run two months behind the actual calendar year.
According to the Mississippi Department of Revenue, sales taxes have a three-month cycle. In month one, taxes are collected by the retailer. In month two, the retailer pays the taxes to the department of revenue. In the third month, the department of revenue pays the cities the sales tax diversion.
Grenada Mayor Billy Collins said the city relies heavily on sales tax dollars.
“The main thing is as far as revenue goes, sales tax and property tax are our biggest revenues and it’s what drives our budget,” Collins said.
Jackson, with more than $29 million, Gulfport with more than $26 million, Hattiesburg with more than $25 million and Tupelo at $23 million had the four largest year-to-date sales tax figures this year.