Derbes Falgoust Commercial Real Estate
September Sales Tax Revenues Increase 5.8%
Good news for Baton Rouge businesses and residents...according to the Baton Rouge Business Report, sales tax revenues increased 5.8% in the month of September.
City and parish sales tax revenues increase 5.8%
Sales tax collections in the city and parish, excluding vehicle taxes, rose to $12.8 million in August from $12.1 million a year ago-an increase of 5.8%. Though collections were up inside and outside the city limits, increases in the parish accounted for the bulk of the combined increase. In Baton Rouge, collections rose by 1.4% to $6.8 million. Outside the city limits, a total of just over $6 million was collected, up 11.2% from the $5.4 million brought in during August 2010. Two-thirds of the way through 2011, combined city and parish collections stood at $98.3 million, up 2.9% from 2010. Vehicle tax collections are also up by 8.8% in the city and parish this year, with $7.6 million collected through August. When year-to-date sales and vehicle taxes are combined, collections total $106 million, up 3.3% from the $102.6 million year-to-date in 2010.