Paris, Tenn.–Retail sales in Paris rose a whooping 31 percent in March 2021 compared to last year.
That was the word to Paris City Commissioners Thursday night from City Finance Director Traci Shannon, who said, “The last stimulus payment was received in March so we expected a good month for our retail sales tax revenue. However, it was up an incredible 31% compared to last March. Our fiscal year-to-date reflects a 13% increase compared to last year.”
Revenues were behind expenditures in the General Fund for the month of April. “However, we are still ahead fiscal year-to-date. The out of ordinary expenses for April included $41K for the cost of the property reappraisal and $127K for material for street repairs,” Shannon said.
She noted the month of May will reflect the principal payments on our debt service which will likely result in a large deficit for the month. “We do receive the majority of business tax payments from the State during the month of May which could offset some of the debt payment”, she said.
The city issued six new business licenses for April:
New Business (6): Taylor Hearing Center, Faith’s Online Sales, Lyndon Innovations, KS Apparel, A Cut Beyond Landscaping, JUS C.B.D.