Posted: Aug 17, 2010 6:15 AM by Andrea Fontenot
Source: Associated Press
Sales and vehicle tax collections in East Baton Rouge Parish fell by just over 5 percent in June compared with the same month a year ago.
The latest numbers are bad news for local government officials, who drafted a 2010 budget forecasting a 1 percent increase in combined sales and vehicle tax revenue for this year.
Instead, revenue through the first six months of this year is down 5.22 percent compared with the same period last year.
John Carpenter, acting chief administrative officer to Mayor-President Kip Holden, says Baton Rouge is managing to deal with the revenue decline without resorting to layoffs or furloughs, in contrast to other cities.
He said the administration is optimistic the local economy will rebound soon.