(The Center Square) — Shreveport released its May financials, reporting the city collected $13.9 million for sales and use taxes during May, totaling $69 million for the year so far.
The financial report, released on June 23, shows that the city saw a 2.7% increase in sales and use tax collection compared to 2024. The past two months, the city has surpassed its anticipated budgeted amount for sales and use tax collection.
The city budgeted to collect $163 million in sales and use taxes for the year.
Other areas of revenue include non-general fund major revenues consisting of public safety, airport, water and sewer, riverfront development, community development and other departments. Year-to-date revenues for these departments show $939,463 for public safety, $6.3 million for airport, $47.7 million for water and sewer, $2.3 million for riverfront development and $3.7 million for community development.
Apart from revenues, the city’s general fund expenditures and encumbrances total $107.5 million so far year-to-date. Of this $107.5 million, $29.6 million came from the police department, $26.2 million from the fire department, $19.1 million from general government expenditures and encumbrances, $10.4 million for the public works department and $3.4 million for property standards. Nearly $10 million was for parks and recreation.
Reported expenditures and encumbrances from major funds are higher at $199.7 million year-to-date.
The city budgeted $668.8 million in expenditures for the year, putting it at only 30% of the budget so far.
The $107.5 million in general fund spending is included here along with $17 million for retained risk, $48.3 million for the water and sewer enterprise fund, $6.6 million for debt service and $6.5 million for solid waste.
