Chenango sales tax growth reported
NORWICH – Chenango County Treasurer William E. Evans reported sales tax collections through the second quarter of 2010 signaled 2.9 percent in growth.
Collections ticked down .04 percent in Chenango County after the first three months of 2010, remaining relatively flat from the fourth quarter in 2009.
“Things are looking better. It was softer back in the first quarter,” he said.
Evans, however, cautioned Chenango County Finance Committee lawmakers meeting last week that collections remain “volatile” and that rumors of a double dip recession abound in the marketplace.
The nation’s economic slump hit home last year when the county’s sales tax collections dropped 6.6 percent from 2008 to 2009.
Overall tax revenue increased 2.2 percent in 47 states that have reported their receipts for the three months ended June 30, compared with the same period a year ago, according to the Nelson A. Rockefeller Institute of Government at the State University of New York.
Collections ticked down .04 percent in Chenango County after the first three months of 2010, remaining relatively flat from the fourth quarter in 2009.
“Things are looking better. It was softer back in the first quarter,” he said.
Evans, however, cautioned Chenango County Finance Committee lawmakers meeting last week that collections remain “volatile” and that rumors of a double dip recession abound in the marketplace.
The nation’s economic slump hit home last year when the county’s sales tax collections dropped 6.6 percent from 2008 to 2009.
Overall tax revenue increased 2.2 percent in 47 states that have reported their receipts for the three months ended June 30, compared with the same period a year ago, according to the Nelson A. Rockefeller Institute of Government at the State University of New York.
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