Corinth Sales Tax Ends Fiscal Year Up 7.5 Percent
Corinth’s sales tax collections closed out the city’s fiscal year on a high note. The Corinth sales tax payment the city received in mid-September came to $686,581.32, up nearly $48,000, or about 7.5 percent, from the same payment a year earlier, according to state figures and a report in the Daily Corinthian.
That check is the last one to be booked in the city’s 2025-26 fiscal year, which ends Sept. 30. The Daily Corinthian reported that receipts picked up over the last couple of months and that growth for the full year was much stronger than in the year before.
Corinth sales tax: by the numbers
The figures come from the Mississippi Department of Revenue’s latest “Diversions to Cities from Sales Tax Collections” report, which is labeled August 2026. Mississippi sends cities a share of the sales tax collected inside their limits each month.
- August 2026 diversion: $686,581.32
- August 2025 diversion: $638,665.06
- Increase: $47,916.26 (about 7.5 percent)
- State fiscal year to date (since July 1): $1,405,672.89, compared with $1,323,506.42 a year ago, up about 6.2 percent
Sales tax is one of the largest sources of general fund revenue for Mississippi cities, so steady growth helps pay for police, fire, streets and other services without raising property taxes. The gain also comes as new businesses open around Corinth, including the TownePlace Suites hotel that opened last month.
How other area towns did
Most of the larger towns in Alcorn, Prentiss and Tishomingo counties also got bigger checks than a year ago, according to the same state report:
- Booneville: $212,468.87, up about 8.5 percent from $195,864.33
- Iuka: $120,035.73, up about 9 percent from $110,082.69
- Baldwyn: $47,479.46, up about 1.6 percent
- Belmont: $38,808.27, up about 7.5 percent
- Glen: $14,210.67, compared with $5,721.91 a year earlier
Several smaller towns saw their monthly payments dip. Burnsville received $20,018.78, down about 15 percent. The town of Tishomingo received $18,255.63, down about 27 percent. Kossuth and Farmington each fell about 15 to 17 percent. Monthly figures in small towns can swing widely because of the timing of a few large purchases or business filings.
What comes next for city budgets
Corinth and other area cities start their 2026-27 fiscal year on Oct. 1. The state’s next monthly diversion report, which covers September collections, is expected in mid-October and will be the first payment of the new budget year.
The news comes as Corinth voters prepare for Tuesday’s municipal general election for mayor. For more on that race, see our earlier story on absentee voting in the Corinth mayoral race.
