Sentences with phrase «local sales tax revenue»

Ken Volk, senior vice president at Macerich, said in a statement that «the Green Acres Mall project creates 670 construction jobs, more than 800 permanent jobs, and significant local sales tax revenue.

It also said the project would increase state and local sales tax revenue and the county's room occupancy tax revenues.

Klein's legislation calls for a more specific, one - time charge that would come in the form of monthly payments of $ 35.6 million from local sales tax revenue over the course of 12 months in order to meet $ 428 million, or just over half of the plan.

Destiny officials and their local supporters argue that the mall attracts shoppers from Canada and elsewhere outside the area, boosting local sales tax revenue.

«These local sales tax revenues enable counties and other local governments that also receive a share of these revenues, to pay for state mandated programs and provide critical local services that would disappear,» Acquario stated.

The TIFIA credit assistance will be repaid with local sales tax revenues beginning in 2020 with final repayment scheduled for June 2034.

Eaglefordshale.com recently wrote an article that provided research from the University of Texas at San Antonio that showed that employment in Karnes County increased by 260 %, and local sales tax revenues recently doubled in Dimmit County due in large part to increased oil and gas activity.

Not exact matches

The study's authors say they used the same methods researchers developed in a 2009 report titled «State and Local Government Sales Tax Revenue Losses from Electronic Commerce,» compiled by business professors at the University of Tennessee.

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The project to beautify the arch grounds, redesign entrances and enlarge the underground visitor center drew such robust public support here that voters approved a 2013 local ballot proposition to finance the restoration with $ 85 million in sales tax revenue.

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.

The Community Enhancement Fund, which was created and is supported by Measure H, a half - cent local sales tax measure approved by Rancho Cordova voters in November 2014, generates approximately $ 7.2 million annually in revenues for the city's general fund.

With the 2 percent limit on local property - tax levies in place, Comptroller Tom DiNapoli said that local governments may need to rely more on sales tax revenue to balance their ledgers.

Some were surprised to hear that Erie County is one of the few counties in New York State that shares sales tax revenue with local districts, providing these districts with nearly $ 137 million between July 1, 2016 and June 30, 2017.

«A projected property tax cap growth at basically zero in 2017, combined with stagnant sales tax revenues, counties will not be able keep up with the rising costs of state mandated programs provided at the local level.

Albany County Comptroller Mike Conners said the portion of county sales tax that must be renewed accounts for more than $ 30 million in revenue for the county and local municipalities, including the city of Albany.

Projected losses in sales tax revenue — around $ 12 million, split between state and local — were accounted for in the state budget enacted last month.

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.

ALBANY, N.Y. — Local sales - tax revenues rose across much of New York in 2017, state Comptroller Thomas DiNapoli reported Tuesday.

For purposes of this section, the total General Fund calculation shall not include sales and compensating use tax revenues shared with local governments and school districts.

Sales tax makes up more than 60 percent of the county's local revenue.

Moody's also expects the host municipalities to see increases in local property tax bases driven by the new construction and the growth in sales revenue

Year - over-year tax collections from the personal income tax and sales tax in 46 states have grown by more than 10 percent from April through June, but revenue on the local level remains stagnate compared to last year, The Rockefeller Institute for Public Policy found.

The figure does not include local sales and special accommodation tax revenues.

As the economy continues its tenuous recovery, sales tax collections could vary either way for local governments and is generally a more volatile source of revenue.»

The arguments against paid sick leave, as stated in the Capital Region Chamber's petition opposing Local Law «C» on behalf of its more than 2400 area businesses and organizations, include: the proposal will hurt our economy, reduce jobs, lower the county's sales tax revenue, and act as «an impediment to attracting, retaining and growing jobs.»

The Nevele developers say the project, if approved, will generate hundreds of jobs, translating into about $ 100 million in local spending, increased hotel occupancy tax revenues, increased sales tax revenues and 10 percent of gaming tax revenues going to the town of Wawarsing, the village of Ellenville and Ulster County.

Mahoney said she is worried about potential anti-city sentiment ruling the day, in negotiations that create a formula to share sales tax revenue between the county and local governments.

«The loss of these vital deductions would harm our real estate market, lower consumer spending, reduce sales tax revenue that funds critical services, and threaten our local economy.»

«Sales tax, however, can be a volatile source of revenue and local officials must remain cautious.

Only one county in New York saw a year - over-year decrease in local sales - tax revenue.

Counties and cities in Central New York saw increases, topped by an 11.55 percent rise in local sales - tax revenue in Oswego County.

County Legislator Richard Gerentine, R - Marlborough, who pushed for the local law, said allowing stores to sell sparkler - type fireworks could increase business and generate additional sales tax revenue for the county.

Continues a Two - year Plan to Address County and State Budget Reductions: The County's budget addresses a significant fall off in sales tax revenue and other local revenue directly related to the financial and economic downturn in the U.S. and many other countries.

«It's not on my agenda,» Cahill said prior to the press conference, referring to accusations from Hein and others that he had thwarted passage of a sales - tax extension that could mean upwards of $ 26 million in lost revenue to county and local governments next year.

Many of the City's historical major revenue sources, such as sales taxes, mortgage taxes, building permits and State aid, have been negatively impacted by economic conditions, necessitating greater reliance on the local property tax.

We have kept expenses down while improving our local economy which has resulted in increased sales tax revenue and a surplus.

Cahill said the Assembly bill makes ride - hailing services subject to the same local and state sales taxes as limousine services, to make sure local governments receive a greater share in revenue from the taxes.

Cuomo and Democratic legislators have argued that the proposal would bring in needed revenue and create a level playing field for brick - and - mortar shops that must collect state and local sales tax.

Local governments squeezed by the tax cap are not likely to make up any revenues from sales taxes.

Third, the amount is misleading given the County local share of that program can come from many local revenue sources, including Sales Tax, Residential Energy Tax, Hotel / Motel Occupancy Tax, County Mortgage Tax as well as Real Property Taxes.

They also say the proposal does not tell voters that the bonds will be paid through higher local property taxes if sales tax revenues are insufficient.

Most state and local government revenues come from sales taxes, grants from the federal government, personal income taxes, and property taxes.

Local revenues come mainly from the personal - property tax and local sales tLocal revenues come mainly from the personal - property tax and local sales tlocal sales taxes.

Local revenues, like property and sales tax receipts, were factored in to the numerator of this formula.

$ 4.5 million — Amount in local sales and use tax revenues received by Roanoke Rapids City Schools from 2006 through 2014

$ 2.5 million — Amount in local sales and use tax revenues received by Weldon City Schools from 2006 through 2014

Funding for the FEFP combines state funds — primarily generated from sales tax revenue — and local funds — generated from property tax revenue.

Local revenues for schools are primarily derived from property taxes, while states rely on a variety of taxes, most prominently sales and income taxes.

Among its provisions, Tillman's rewrite would require public school systems to share more pots of money with local charters, including sales tax revenues, gifts and grants and funds received for «indirect» costs.