Marissa Hall | Shale Plays Media
Sales tax growth in DeSoto Parish from the 2013-2014 fiscal year seems to verify that the Haynesville boom is over, at least for now. According to an article by Vickie Welborn for the the Shreveport Times, the parish only saw a 3.8 percent increase in sales tax revenue from the previous fiscal year. The $39.7 million collected in 2013-2014 is minute compared to the $120 million collected in 2010-2011.
The commission charts collections by five categories: industry, motor vehicles, general retail, grocery stores, and oil and gas.
The increases noted in the latest fiscal year showed up in industry and motor vehicles. Included in industry would be International Paper Company’s Mansfield Mill, Dolet Hills Power Station and Dolet Hills Lignite.
Retail, grocery, and oil and gas-related businesses showed decreases in sales tax collections.
Parish officials estimate that next year’s revenue will remain largely unchanged. While the industry is pushing to further its natural gas output, Haynesville has yet to see much growth.
For all the details see Welborn’s full article: DeSoto sales tax collections level out after drilling boom