Posted: Jun 27, 2014 6:29 AM by Hunter Robinson
Source: Associated Press
GONZALES- Fueled by record collections of sales and property taxes buoyed by growth in the industrial sector in 2013, a newly released financial audit finds Ascension Parish government cut its debts by $10 million and boosted its net worth to $152.5 million.
The costs of primary government rose $4.5 million in 2013 to $81.2 million but the majority of that increase came from capital outlays, not operations.
The expenses of general government operations, which includes parish government administrative departments excluding public works, recreation and public safety, actually fell in 2013 by nearly $1.4 million to $11.4 million.
The Legislative Auditor says the influx in revenue combined with expenses being kept relatively in check resulted in a $5 million boost in surpluses across several parish government funds.