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Sales tax trend continues
Source:
theadvocate.com
- Dec 3, 2012
By Bob Anderson
Florida Parishes bureau
December 03, 2012
LIVINGSTON — Parish sales tax revenue rose for the 24th straight month in October, Livingston Parish tax records show.
When compared with the same month of the previous year, October sales receipts were up 8 percent, continuing the two-year run.
Indications are that the trend will continue into the Christmas season, said Mike Curtis, who heads the parish’s sales tax collection program.
“We’re on the front doorstep of even better things to come,” he said.
The October collections from retailers by the parish represent sales that occurred in September.
“The three coming months will be exciting,” Curtis said of current sales tax collection expectations.
He projects the trend of higher collections will continue next year.
I don’t think Livingston has reached its potential,” Curtis said. “We haven’t reached our peak.
“At some point, you reach saturation, but that may not happen for three years,” he said.
The Denham Springs Economic District, which saw its sales tax collections rise 73 percent in October, compared with the same month last year, is drawing new dollars from Baton Rouge shoppers, Curtis said.
The economic district, which includes a Bass Pro Shops store and a Sam’s Club, are pulling in out-of-parish customers who then spend money at other area stores and restaurants, he said.
The likelihood of continued strong revenue from sales taxes is aided by the potential for new growth in Livingston Parish, Curtis said.
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Category: General Business
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