The INDsider -> Nathan Stubbs TUE, JUL 14 10:16AM by Nathan Stubbs

Sales tax collections down fifth straight month

A clear sign that the national recession is having its effect, Lafayette Parish sales tax collections are down for the fifth straight month, according to the most recent report from the parish Sales Tax Department. The down streak is the longest since at least 1999, when the Sales Tax Department began electronically tracking monthly reports.

The June report shows May ‘09 sales tax collections down 7.5 percent from last May year. This comes on the heels of a 10.5 percent decline in April sales tax collection figures. Parish sales tax revenues have dipped 7 percent since the beginning of the year. City sales tax revenues have fared worse, trending downward since November ‘08.

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written by PlumpyBoy , July 14, 2009 - 05:36 pm

I am confident that our Parish government will come up with the ways and means to increase the tax take.

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written by Pressed Rat , July 14, 2009 - 06:28 pm

So much for the stimulus.

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written by Bart , July 14, 2009 - 09:11 pm

Since the president is a businessman, I am sure he will do the responsible thing and cut back instead of cramming more taxes down our throats.

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