Sales Tax Collections for the Coast Show Some Declines from
A strong barometer of the Coast's recovery since hurricane Katrina can
be seen, in part, from sales tax reimbursements provided to the cities
from the State. The figures show that there are some declines from last
year for some of the cities, but most are doing better than the same
period before hurricane Katrina, which hit the area on August 29, 2005.
Some Coast communities, such as Gulfport, D'Iberville, Gautier, Ocean Springs and Pascagoula remain sharply higher than their 2005 results, but are down from last year. The business core of those cities benefited after the hurricane from the business generated while stores were closed, but as stores have re-opened in other cities, sales tax collections there have fallen. May figures represent sale taxes collected from businesses March.
Waveland's figures also show sharp improvements. Several large big-box home improvement stores have opened and are helping to drive that city's economy.
(Figures from the Mississippi State Tax Commission)
▲ Up from May 2006 ▼ Down from 2006