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BGR Outlook on
Jefferson

Jefferson Parish Government Finances February 1999

 

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Introduction

Jefferson Parish Profile

General Revenues

General Expenditures

1999 Operating Budget

1999 Capital Budget

Conclusion

Quick View

  • Jefferson Parish has lost economic ground to the surrounding region as its per capita income remained stagnant between 1995 and 1997.
  • The population of Jefferson Parish declined between 1995 and 1997 as residents relocated to less urbanized areas in the region.
  • Absent future growth in population, per capita income, or millage rates, property tax income may slow or level off over the next few years.
  • Sales tax revenues, long the parish's leading source of income, declined by 4.9 percent in real dollars between 1994 and 1997, but are expected to show a 4 percent increase in 1998.
  • The trend in fund balance growth may be changing as operating expenditures in 1998 and 1999 are projected to exceed operating revenues.
  • The ability of parish government to maintain current service levels will be challenged by the continuation of region-wide population and economic shifts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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