The Mississippi Municipal League recently surveyed 50 cities in Mississippi regarding their source of revenue. In an article by Shari Veazey published in the current (Vol.60. No. 4) issue of Mississippi Municipalities magazine, here is a list of sources or revenues and the percentages:
31%….. Sales Tax
24%….. Property Tax
17%….. Miscellaneous
14%….. intergovernmental Revenue
8%…… Franchise fees, license and permits
6%…… Fines and Forfeitures
This particular issue of Mississippi Municipalities Magazine is entitled How Mississippi Cities Work. I recommend it highly for anyone who wants to better understand the subject.
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February 1, 2012 at 5:52 pm
Jim Mozingo
Sales taxes would be more plentiful to Mississippi’s municipalities if they were getting sales taxes from business and industry as called for in the sales tax law rather than just getting sales taxes on consumer transactions.