Minden Press-Herald

Thursday
Oct 02nd

Sales tax revenue up for first half of fiscal year

The City of Minden is ahead of the sales tax game for the first six months of its fiscal year.

According to Minden Mayor Bill Robertson, the city has seen sales tax revenue increase by 10 percent from October to present.

"The city is in good financial shape, but this is the best we have shown in sales tax revenue in a long time," Robertson said. "Last year, we had a one percent increase, and the year before, we lost a little bit."

That 10 percent reflects an increase over this time last year of more than $260,000.

"I'm very proud of that," Robertson said. "That's a really good increase."

The city collects two separate sales taxes, the mayor said.

"One is a sewer sales tax and the other is general," he said.

The city's fiscal year runs from October to September. Council-approved budget numbers for the current fiscal year are $33 million.

In the mayor's opinion, Minden is doing well partially because of the oil and natural gas drilling in the area.

"Business is good here," he said. "We don't have real large spurts of industry growth, but we maintain a good balance. We have peaks and valleys but no mountains and valleys."

Robertson believes Minden's good financial health has been a joint effort between himself and the council.

"The mayor and city clerk present the budget to the council for approval, and they have been very good about helping us manage it," he said. "Fiscal management has been very successful over the last several years."

Steady growth for Minden includes healthy businesses as well as an asset called Camp Minden.

"Camp Minden brings money in," he said. "The outlying areas are developing well, which indirectly affects us. It contributes money because of labor."

Robertson is happy with the way downtown Minden is growing.

"I believe we will be among the top five as far as Main Street programs," he said. "Our festivals contribute a lot – everything together adds to a positive, including the attitude of our citizens.

"Our city is as beautiful as it has ever been," the mayor continued. "I have received not just one or two comments, but I receive comments on a daily basis about how beautiful our city is."

But there will always be room for improvement.

"We want to improve the entrances to the town," he said. "We can only do so much, though, and we need help from the individuals who live here – the private landowners to also have the pride, and the vast majority do have the pride and we thank them for that."

 

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