Sales Tax Revenue Down 11% in Livingston
POSTED: Tuesday, October 13, 2009 - 1:52pm
UPDATED: Thursday, June 3, 2010 - 10:58pm
Sales tax revenue is dipping in Livingston Parish. In fact, it's down more than ten percent from last year.
The parish's biggest city Denham Springs reported a nine percent decrease.
According to Mayor Jimmy Durbin, under the town's budget ideal collections would be $550,000 per month. However, in August, collections fell more than $35,000 short.
Still, Durbin says the fact that new businesses are popping up all over the area, has parish officials remaining optimistic about the future.
"These people see that everything is going to be all right and are willing to bring the investment in for the future..see the turn around is going to happen even though its kind of a slow time” says Durbin.
Livingston and Albany were the only towns in the parish that reported positive sales tax revenue collections this past period.