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Sales tax receipts up; staff recommends holding $500 employee bonus at current level
5468435 · March 18, 2025
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Summary
Finance staff reported year-over-year increases in the 2-cent sales tax (3.78%) and the EFID half-penny (about 2.8%); staff recommended keeping the $500 bonus unchanged because raising it would reduce the fund balance and could jeopardize future bonuses.
Finance staff told the Tangipahoa Parish School Board Finance Committee that February collections for the district's 2-cent sales tax rose 3.78% year over year; annualized growth is roughly 3.6 percent. The half-penny EFID (education fund) was reported up about…
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