Sentences with phrase «cutting sales tax revenue»

He said that cutting sales tax revenue would be one of the last resorts.

Mychajliw also feared that cutting sales tax revenues to school would severely effect districts that aren't even candidates for consolidation, such as Ken - Ton and Williamsville.

Not exact matches

Cuts to the highest per - capita spending in Canada will doubtless be part of the budget Premier Alison Redford unveils on March 7, but a shortfall on the revenue side, namely oil and gas royalties, has prominent Albertans calling for a more stable source of funding: a provincial sales tax.

But, as seen in the Figure above, because income taxes have been cut, the province's reliance on income tax revenues have dropped by one third over the last decade, so much so that income taxes now raise about the same amount as sales taxes.

Some $ 24 million in cuts are due to a new 2 percent handling fee the state is charging local governments for managing sales tax revenue, a part of the transit agencies» funding, according to the Tribune.

We could be on the cusp of conservative reforms that would rival all of the domestic policy achievements of the 1980s and 1990s if some conservatives would stop trying to relive the Kemp - Roth tax cuts or else engaging in hopeless struggles to get the public to support flat taxes or national sales taxes that would either raise taxes on the middle - class or collapse revenues or both.

With $ 30 billion more in state revenue, we could restore full funding for public schools and colleges, pay for the state mandates on local governments through increased revenue sharing, cut regressive local property and sales taxes, and build the infrastructure and services of the Green New Deal.

To raise revenues, Cuomo proposed requiring extending sales tax collections on online sales, imposing a surcharge on certain health insurers who received a windfall from federal tax cuts, tapping hundreds of millions of dollars in proceeds from lawsuit settlements and raising taxes «e-cigarettes» and taxing opioids (2 cents per milligram prescribed to go to anti-addiction programs).

«For state legislators, it is much harder to raise taxes on income or sales or cut spending on education or other vital services, while legalizing and expanding gambling is seen as a relatively easy and painless source of revenue and job growth,» said Lucy Dadayan, the Rockefeller analyst who wrote the report.

Town to stop receiving county sales tax, raise taxes and make budget cuts to offset revenue losses

The biggest piece of the GOP's budget - cutting plan would involve a $ 94.6 million municipal revenue sharing account, which is set to be funded by a half a percent allocation of the sales tax.

Miner negotiated a sales tax agreement with Onondaga County Executive Joanie Mahoney and county legislators that guaranteed millions in revenue to Syracuse while cutting money for suburban towns and villages.

Against Casey E. Jordan, R - Clay Kevin A. Holmquist, R - Manlius Patrick Kilmartin, R - Onondaga Richard M. Lesniak, R - Lysander Robert D. Warner, R - Van Buren For Mark A. Stanczyk, D - Syracuse Thomas C. Buckel, Jr., D - Syracuse Abstain James A. Corbett, R - Geddes An Onondaga County Legislature committee voted 6 to 2 in favor of a sales tax redistribution proposal that would cut city sales tax revenues by more than 27 percent and immediately eliminate sharing tax money with the towns, villages and school.

«According to the 1977 sales tax agreement, Mark Poloncarz can actually follow through on his threat to cut $ 139 million in sales tax revenue for school districts by only giving one year's notice,» Mychajliw said.

The Legislature also cut the city of Syracuse's sales tax revenue by more than $ 10 million next year, but restored that money in subsequent years, keeping the city about level over nine out of 10 years.

With every town and the city in Ulster County facing a cut in sales tax revenue, everybody should be following this debate.

The Governor signed the legislation, which will increase the state sales tax from 2 percent to 3 percent until the end of the 1985 calendar year, two weeks after signing into law $ 125 million in cuts to the state's general - revenue budget for the current fiscal year.

Due to the passing of the law in California, which was purported to bring in around $ 317 million annually in sales taxes, Amazon cancelled its affiliates program in that state and cut over $ 200 million of revenue generated through its more than 10,000 small - business partners.

Our representatives in Washington would cut spending and raise revenues, through higher taxes and perhaps even asset sales.

The sale of a life insurance policy is a taxable event and the characterization of gains is determined under the guidelines set out in IRS Revenue Ruling 2009 - 13 by the Tax Cuts and Jobs Act (TCJA) of 2017.

Revenue from the tax «would be used to cut the state's sales tax, and to create a Working Families Rebate, based on the federal Earned Income Tax Credit (EITC), to boost the incomes of low - income households.&raqtax «would be used to cut the state's sales tax, and to create a Working Families Rebate, based on the federal Earned Income Tax Credit (EITC), to boost the incomes of low - income households.&raqtax, and to create a Working Families Rebate, based on the federal Earned Income Tax Credit (EITC), to boost the incomes of low - income households.&raqTax Credit (EITC), to boost the incomes of low - income households.»

I - 732 uses revenue from the carbon tax to cut the sales tax by a full point, putting hundreds of dollars each year in the pockets of individuals and families across the state.

Creating an opportunity to cut other taxes such as payroll, sales, or corporate taxes and make up for that through carbon revenues

The sale of a life insurance policy is a taxable event and the characterization of gains is determined under the guidelines set out in IRS Revenue Ruling 2009 - 13 by the Tax Cuts and Jobs Act (TCJA) of 2017.