AP NEWS

Sales and property tax collections falling short in McComb

April 27, 2019

MCCOMB, Miss. (AP) — A Mississippi mayor says officials might have to consider raising tax rates or cutting spending because the city’s tax collections are dropping.

The Enterprise-Journal reports that McComb Mayor Quordiniah Lockley gave a financial update last week to the Board of Selectmen.

Lockley said sales tax collections for March totaled just $268,000. That is down from the $411,000 the city received in March 2018.

With other shortfalls before March, McComb is now about $250,000 behind on projected sales tax collections for the budget year to date.

Property taxes collections are also down, standing at $5.6 million for the year. Lockley said those taxes to this point in 2018 brought $6.1 million, meaning the city is down about $500,000 in those revenues.

McComb, in southwestern Mississippi, has a population of about 12,800.

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Information from: Enterprise-Journal, http://www.enterprise-journal.com

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