Sales tax proceeds from oil and gas construction projects in Lincoln Parish gave a boost to the 2014 and 2015 budgets for the Lincoln Parish Fire Protection District No. 1, it was revealed at last night’s meeting of the district’s Board of Commissioners.
In the original budget, 2014 predicted revenues (from a 1/4 cent sales tax collected in rural Lincoln Parish and Dubach) were estimated at $425 thousand. However, after a significant jump in October collections, Finance Committee Chair Bart Dugdale upped the total year estimate to $619 thousand. After a bit of discussion the board revised the estimated revenues to $720 thousand, predicting that the November and December collections would also be higher than originally budgeted.
Most of the extra revenues were allocated to wages, retirement, and workman’s compensation, as those budgets had been in the red earlier this year.
Sales tax revenues for 2015 were estimated at $558 thousand.
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Commissioner Richard Durrett cautioned the board against expecting the windfall revenues to continue, as the taxes are the result of construction projects that will one day end.
Said Durrett, “That’s not going to be forever, that’s just a short term – through the first quarter of next year.”
Durrett is the former Administrator of the Lincoln Parish Police Jury (LPPJ), and has had considerable experience in dealing with public budgets.