Chenango’s fourth quarter sales tax collections better than most
NORWICH – Chenango County’s fourth quarter 2009 sales tax receipts were 0.6 percent lower than the same quarter in 2008, resulting in a 6.6 percent drop from 2008 to 2009, according to the New York State Association of Counties.
The bipartisan association distributed the information late last week based on a New York State Department of Taxation and Finance report released Jan. 13.
Chenango County’s preliminary numbers show the county ahead slightly from the third quarter of last year, but Chenango County Treasurer William E. Evans declined to comment on the results.
“I can’t speak to it until I receive my detailed report,” he said.
Either way, Chenango County appears to be in much better shape in terms of collections than other counties in New York. The latest sales tax numbers out of Albany last week indicated that 52 of the state’s 57 counties are seeing continued decline in sales tax receipts - 13 of them are seeing double digit decreases over the same period last year.
Lower receipts throughout much of last year in Chenango County were “an eye-opener” and “bad news,” Evans said at the time.
New York counties rely heavily on two forms of revenue: sales taxes and property taxes. Deep and prolonged declines in sales tax revenue put pressure on counties to raise property taxes, cut services or layoff workers in order to keep budgets balanced. These latest figures represent five straight quarters of decline in sales tax revenue.
The state taxation and finance department initially collects data from retailers and sends local government their sales tax revenue on a period basis. NYSAC is calling for a more timely report and greater transparency to the state’s process because of the recession.
“County officials are finding out too late what their sales tax numbers look like. We need greater transparency in order to better understand what is happening economically in some of our communities and how it will impact our budgets. The days of back of the envelope sales tax projections have got to come to an end,” NYSAC Executive Director Stephen J. Acquario said. “We have the technology we need to open this process up, and we should.”
NYSAC is proposing a dashboard-like information sharing system, the Joint Revenue Resource Center, that will provide a platform for enhanced revenue forecasts, especially of the sales tax, and serve as a forum for state and local fiscal managers to work together to improve the management and effectiveness of collective state-local revenue systems.
The New York State Association of Counties serves all 62 counties of New York State including the City of New York. Organized in 1925, its mission is to represent, educate and advocate for member counties and the thousands of elected and appointed county officials who serve the public
The bipartisan association distributed the information late last week based on a New York State Department of Taxation and Finance report released Jan. 13.
Chenango County’s preliminary numbers show the county ahead slightly from the third quarter of last year, but Chenango County Treasurer William E. Evans declined to comment on the results.
“I can’t speak to it until I receive my detailed report,” he said.
Either way, Chenango County appears to be in much better shape in terms of collections than other counties in New York. The latest sales tax numbers out of Albany last week indicated that 52 of the state’s 57 counties are seeing continued decline in sales tax receipts - 13 of them are seeing double digit decreases over the same period last year.
Lower receipts throughout much of last year in Chenango County were “an eye-opener” and “bad news,” Evans said at the time.
New York counties rely heavily on two forms of revenue: sales taxes and property taxes. Deep and prolonged declines in sales tax revenue put pressure on counties to raise property taxes, cut services or layoff workers in order to keep budgets balanced. These latest figures represent five straight quarters of decline in sales tax revenue.
The state taxation and finance department initially collects data from retailers and sends local government their sales tax revenue on a period basis. NYSAC is calling for a more timely report and greater transparency to the state’s process because of the recession.
“County officials are finding out too late what their sales tax numbers look like. We need greater transparency in order to better understand what is happening economically in some of our communities and how it will impact our budgets. The days of back of the envelope sales tax projections have got to come to an end,” NYSAC Executive Director Stephen J. Acquario said. “We have the technology we need to open this process up, and we should.”
NYSAC is proposing a dashboard-like information sharing system, the Joint Revenue Resource Center, that will provide a platform for enhanced revenue forecasts, especially of the sales tax, and serve as a forum for state and local fiscal managers to work together to improve the management and effectiveness of collective state-local revenue systems.
The New York State Association of Counties serves all 62 counties of New York State including the City of New York. Organized in 1925, its mission is to represent, educate and advocate for member counties and the thousands of elected and appointed county officials who serve the public
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