(The Center Square) – Shreveport has collected $111 million in sales and use taxes as of Aug. 31, according to the city’s financial report.
Director of Finance Sheila Faour prepared the monthly financial report highlighting the city’s financial status as of Aug. 31. The data shows that the city collected $14 million in August for sales and use tax, totaling $111 million for the year so far.
Apart from sales and use tax revenue, the general fund revenue totaled $179 million. This is $14 million more than the city brought in the previous year. The city anticipates $306 million in general fund revenue at the end of the year. Factored into this total are nearly $30 million from property taxes and $163 million from sales tax.
The city also received revenue from non-general fund entities, including the Riverfront Development, Airport Enterprise Fund and the Water and Sewer Enterprise Fund. Revenue from non-general fund departments was $135 million, with an estimated $362 million in the budget. The largest revenue is $85 million in this category from the water and sewer enterprise fund.
City expenditures and encumbrances from the general fund totaled $186 million, with $307 million anticipated in the budget by the end of 2025. The highest spending came from $51 million by the Police Department, $42 million by the Fire Department and $39 million from the General Government. Parks and Recreation spent $15 million and Public Works spent $18 million. The closest to reaching its budget is Property Standards, with 84% of its allocated $6.8 million spent.
The total for encumbrances and expenditures across all funds, general and non-general, was $380 million.
By year’s end, the city anticipates spending $670 million, with an anticipated $668 million received in revenue.
