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Sales tax and other receipts outpace budget; finance staff projects stronger starting balances for 2026
Summary
Finance staff told the St. Tammany Parish finance committee that sales‑tax collections are up and several funds project higher than budgeted beginning balances for 2026, though some special funds (lighting districts) face pressure from higher utility costs.
Annie Perkins, the parish finance presenter, told the committee that sales‑tax collections through November were up about 6.5% year over year and that November receipts totaled about $6.5 million. "Collections are still up," Perkins said, adding that anticipated collections for fiscal 2025 are approximately $96,000,000, with about $81,000,000 expected to remain with St. Tammany Parish.
Perkins said the Highway 21 Economic Development District was up about 14% versus last November and that total collections for that district are estimated at roughly $1.4 million for the year, a rise she attributed largely to late 2024 receipts from a new Costco location.
The presenter introduced an ad valorem collections slide not included in the packet and said initial ad valorem receipts arrived in…
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