EBR retail spending continues upward trend in February
Sales tax collections in East Baton Rouge Parish were up 8.3% in February compared to the same month a year ago, according to a new report out today by the city-parish Finance Department. The 2% sales tax dedicated to the general fund generated $13.4 million in February, up from $12.4 million in 2011. It was the highest February collection total since 2008, when $13.4 million was also collected. Mayor Kip Holden credited the U.S. Bowling Congress Open Championships—which began in February and are expected to draw more than 60,000 bowlers before concluding in July—with generating some of the increase, as well as continued growth in movie production projects. Collections inside the city limits were up 10.2% on the month, while those outside the city limits were up 5.5%. Two months into 2012, sales tax revenue in the city-parish totaled $26.6 million, an increase of 7.6% compared to last year. See a complete breakdown of figures here.
comments powered by Disqus
The $50 billion boom