May 2014 Sales Tax Update

From the City of Central

Sales tax revenues within the city of Central were up 5.6% in May 2014 compared to May 2013.   Sales tax revenues, excluding motor vehicle sales taxes, within the city totaled $405,886.72 for the month of May 2014.

For the current fiscal year starting July 1, 2013 through May 31, 2014, sales tax revenues are up 13.82% compared to the same period in last fiscal year.   Motor vehicle sales tax revenues are also up by 21%.  This represents eleven straight months of sales tax increases for the city.

The increase in sales taxes can be contributed to more citizens shopping locally as well as better reporting and auditing controls by the City-Parish, which collects sales taxes for all areas of the parish.  However, some businesses are not reporting their sales taxes timely.  As a result, the city of Central is working with the City-Parish to identify those businesses not reporting sales taxes or failing to submit sales taxes in a timely manner.