Riverside joined Pell City, which increased its sales tax last year, Talladega, which increased its sales tax last week, and the many other cities along the Interstate 20 corridor that have a 10 percent sales tax.
“The 1 percent sales tax increase should bring in an extra $12,000-$15,000 a year in income,” Mayor Rusty Jessup said.
Jessup said the town is about breaking even financially at this time.
“The biggest concern right now is making payroll every two weeks,” he said. “Most all of our expenses are fixed and we can usually make payroll if nothing breaks down or goes wrong.”
Jessup said the town has always made payroll.
“We had to borrow Water Department funds last year once, but we paid it back,” he said. “We don’t want to get in that position again if we can help it.”
Jessup said the town’s biggest deficiency is sales tax income.
“Riverside doesn’t have the retail businesses that other towns our size have,” he said.
The council approved 4-1 a $5,000 with St. Clair County for road repairs to Tomahawk Trail and Arrowhead Drive. Jessup and council members Jimmy Hollander, Rachelle Painter and Rob Hayes voted yes. Councilman David Todd voted no. Councilman Kenny Womack was not present at the council meeting.
Jessup also announced that the town received its Federal Energy Regulatory Commission permit, which will allow improvements and work at Riverside Landing.
Contact Elsie Hodnett at email@example.com.