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.
Information from: TheTimes, http://www.shreveporttimes.com