Paris, Tenn.–At Thursday night’s meeting of the Paris City Commission, Finance Director Traci Shannon said, “We have had amazing increases in our retail sales tax revenue this year, especially the last two months. Our Local Options Sales Tax revenue reflected an increase of 20.22% compared to last April and we are ahead fiscal year-to-date by 13.77%. We are cautiously optimistic but still anticipate the economy to level out in the months ahead.”
As predicted, General Fund expenditures exceeded revenues in the month of May. Other than the principal payments on debt service, a couple of other large expenses included $156,000 for a dump truck for the Street Dept. and $25,000 for equipment for patrol cars.
The General Fund is considerably ahead fiscal year-to-date, she said.
The City issued fifteen business licenses in May:
New Business (13): T&J Detailing Service, Sheds 365 Sales – Memorial Dr., Sheds 365 Sales – E. Wood, The Veggie Shack, Lewis Lawn Care, Grade A Pressure Washing,
Felt #1 Handyman Services, Euphoria by LA, Street Dynamics 2, Reynolds Remodeling, Bryan of All Trades, Mae Mae’s Mowing & Landscaping, Kayla Bell LLC
New Owner (1): Sally Lane’s TN Candy Farm
Minimal License Renewal (1): Paris Yoga