Wednesday, April 13, 2011
Sales Tax Growth Continues But Slows
Reconcilled sales tax figures for the first quarter of 2011 show a 1.29% increase over a year ago and that's a slowing of the larger percentage increases seen throughout 2010..... Recent surges in gas prices and local car sales may drive numbers up, but the influx of Canadian shoppers may have ebbed in the most recent quarter. In any event, less robust increases will lessen the ability to merely absorb decreases in other revenue streams. A close look at the current quarter will be needed to better guage the trend for 2011......Since sales tax is our largest local revenue stream, its meanderings plan a large part in decisions on cuts and property tax rates.
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2 comments:
With 13.2 million lying around, it’s time to ease up on home owners. No excuses will be seen as acceptable by home owners. I'm only stating the truth, 'Property Tax Relief is a must and can't be delayed any further. Mayor, Black River is going to get ‘Property Tax Relief this year. The Republicans are moving on it; don’t miss your chance to decide right on this issue in terms of Homeowners who need the help now and not next year.
Middle-Class Mike
I agree with MMM The County has 45million of our tax $$$$$$$$$$$$.
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