Iberville’s sales taxes collections remain strong

Deidre Cruse

Iberville’s parishwide sales taxes produced revenues of more than $3.3 million for local governments in October, according to the latest report from the Sales Tax Department.

October’s collections were nearly $179,000 higher than those of October 2007. But, this year’s numbers included revenues from a new one-third cent sales tax that accounted for some $230,000.

In 2006, voters approved a one-cent sales tax that is being phased in at one-third a cent a year; the final one-third cent will be collected starting in January.

For the first 10 months of this year, the parish has collected nearly $32.7 million in parishwide taxes, including $3 million from the new one-third cent. The total is $1.68 million shy of the $34.4 million collected in the same period of 2007, which was a record year for sales tax collections here.

Sales tax collections are a key indication of the health of the local economy. Last year’s record amounts reflected a large amount of industrial construction.

Last month, the Iberville Parish School Board took in $1.42 million from its two cents in sales taxes, a decrease of some $26,000.

The Iberville Parish Council and the parish’s six municipalities shared in $1.65 million from one and two-thirds cents in taxes, an increase of $208,558 over October 2007/.

The one-third cent tax that funds residential garbage collections produced $237,040, a decrease of $4,341 compared to the previous year.

The two percent tax on hotel and motel rooms that funds tourist promotions produced $2,212, a $680 increase.

The City of St. Gabriel, which levies a separate one-third cent sales tax within its corporate limits, received $49,274 in October, an increase of $15,161 over October 2007.

For the first 10 months of the year, St. Gabriel has received $525,099, an improvement of $78,562 over the previous year.