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DeSoto sales taxes level out after drilling boom

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MANSFIELD, La. (AP) — You can see it in sales tax revenues — the Haynesville Shale drilling boom is over in DeSoto Parish.

The Times (http://bit.ly/1tnqybK ) reports that DeSoto Parish sales tax collections for the fiscal year that ended June 30 are up nearly 4 percent from the previous fiscal year. But they're down 66 percent from the 2010-11 fiscal year, when they totaled a record $120 million.

Administrator Chris Robinette says sales taxes totaled $39.7 million for the 2013-14 fiscal year. That's up about $1.4 million from the previous year's $38.3.

Municipalities, where retail and grocery stores are located, are feeling the brunt of the drop.

Certified public accountant Ryan Todtenbier recently reviewed Mansfield's 2013 audit. He says collections were down $249,800 year-to-year — and $500,000 over two years.

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Information from: The

Times, http://www.shreveporttimes.com

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