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Red River Parish | Haynesville Shale Gas Adds to Tax Revenues

by Kenneth E. DuBose on July 14, 2011

Add Red River Parish to the list of counties that are flourishing due to increased oil & gas activity. In two years, sales tax receipts have almost tripled from $16 million to $45 million. Hopefully, some of the active areas, like the Marcellus and Utica Shale, that are very weary of shale gas development will begin to see the benefits.

“Salary supplements for beginning teachers in Red River Parish during the 2010-11 school year totaled more than their base salaries.”"However, few enjoyed that perk. That’s because few teaching vacancies existed last year.”

” ‘I think we hired two to five, maybe,’ Red River Parish School Board business Director David Jones said.”

“But the financial rewards were even greater for the rest of the employees. And it’s all because of the economic boom created by the Haynesville Shale natural gas play.”

“Sales tax receipts that hovered over $16.8 million from July 1, 2008, through June 30, 2009, escalated to $36.3 million the next year and reached $45.2 million as of the most recent fiscal year ending June 30, according to reports from Red River Parish Sales and Use Tax Agency Director Elaine Moore.”

Read the full news release at ShreveportTimes.com

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