Sales tax slump in Chenango County
CHENANGO COUNTY – Chenango County is lumped in with a statewide trend of slowing sales tax, according to a recent report from the New York Comptroller.
Numbers released in July show that New York sales tax collections for the first half of the year grew at a moderate pace compared to 2018.
Across Chenango County, tax collections through July are down slightly – about $270,000 or 1.9 percent from last year. The City of Norwich, on the other hand, has grown 5.5 percent, according to the comptroller’s report.
Except Delaware County, bordering counties have faired slightly better, with Madison, Cortland and Tioga counties each increasing sales tax by three to five percent. Broome County has seen an increase of more than 7 percent.
To date, 13.7 million has been collected by the Chenango County Treasurer’s Office. What’s collected by the end of the year is distributed to local municipalities.
“Could we end up one percent or so short for the year? It’s entirely possible,” said Chenango County Treasurer William Craine. Perhaps the biggest indicator, he added, is declining automotive sales which encompasses car sales, parts, repairs, gasoline, and collision services. Automotive sales alone accounts for roughly 40 percent of the county’s sales tax revenue.
There are additional factors to consider which affect sales tax, said Craine, including new ways in which localities get state aid and incentives for municipalities.
Craine explained that for years, the State of New York paid state aid to cities, towns and villages. “The state is still going to pay it to the City of Norwich, but the county is now going to be responsible to pay the other towns and villages about $320,000 which will be deducted from our sales tax,” he said.
There’s also a one-time pickup of $200,000 that the county received in sales tax last year that changed its bottom line. Plus, this is the first year the state is allowing internet sales tax, and that has an impact.
All things taken into account, Craine said he would’t be surprised to see the county make up any sales tax shortfall by the end of the year.
The comptroller’s report cites local sales tax collections for the first half of 2019 totaled $8.8 billion in New York State. Collections grew by 3.4 percent and 3.2 percent in the first and second quarters, respectively, over the same periods in 2018. This moderate pace is closer to those seen in most of 2017 than to the stronger early quarters of 2018.
Numbers released in July show that New York sales tax collections for the first half of the year grew at a moderate pace compared to 2018.
Across Chenango County, tax collections through July are down slightly – about $270,000 or 1.9 percent from last year. The City of Norwich, on the other hand, has grown 5.5 percent, according to the comptroller’s report.
Except Delaware County, bordering counties have faired slightly better, with Madison, Cortland and Tioga counties each increasing sales tax by three to five percent. Broome County has seen an increase of more than 7 percent.
To date, 13.7 million has been collected by the Chenango County Treasurer’s Office. What’s collected by the end of the year is distributed to local municipalities.
“Could we end up one percent or so short for the year? It’s entirely possible,” said Chenango County Treasurer William Craine. Perhaps the biggest indicator, he added, is declining automotive sales which encompasses car sales, parts, repairs, gasoline, and collision services. Automotive sales alone accounts for roughly 40 percent of the county’s sales tax revenue.
There are additional factors to consider which affect sales tax, said Craine, including new ways in which localities get state aid and incentives for municipalities.
Craine explained that for years, the State of New York paid state aid to cities, towns and villages. “The state is still going to pay it to the City of Norwich, but the county is now going to be responsible to pay the other towns and villages about $320,000 which will be deducted from our sales tax,” he said.
There’s also a one-time pickup of $200,000 that the county received in sales tax last year that changed its bottom line. Plus, this is the first year the state is allowing internet sales tax, and that has an impact.
All things taken into account, Craine said he would’t be surprised to see the county make up any sales tax shortfall by the end of the year.
The comptroller’s report cites local sales tax collections for the first half of 2019 totaled $8.8 billion in New York State. Collections grew by 3.4 percent and 3.2 percent in the first and second quarters, respectively, over the same periods in 2018. This moderate pace is closer to those seen in most of 2017 than to the stronger early quarters of 2018.
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