Not only do the towns stand to benefit from this plan, suburb school districts will see an increase
in sales tax revenue at a time when it is needed most.
He warned of the «elastic» nature
of sales tax revenue that can offset rising costs in boom times, but can become an unreliable source of funding when the economy slows.
It also said the project would increase state and
local sales tax revenue and the county's room occupancy tax revenues.
The Recession of 2008 and our reliance
on sales tax revenue, created a perfect storm of financial instability.
In the end, states have not collected any
additional sales tax revenue, and actually lost income tax revenue from the impacted affiliate marketers.
While the money for the loan would come from better - than -
projected sales tax revenue the city collected last year, it's uncertain it will ever be spent.
According to county officials, the
excess sales tax revenues would be enough to retain those employees through the end of the year.
The estimates are used to
distribute sales tax revenue to school divisions in the fiscal year beginning two years after the date of the estimate.
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.
In fact, many communities want to see outlet centers built because of the tremendous amount
of sales tax revenue they bring in.
Mr. Schneiderman said he would almost certainly make an endorsement in the race for county executive, and that two issues would inform that decision: revenue sharing (or preventing county
sales tax revenue from going exclusively to western Suffolk Police Departments and not those on the East End) and the presence in his district of so - called «sex offender trailers» (which house homeless people convicted of sex crimes).
The $ 440,000 project, being paid for
with sales tax revenue, has been scaled back a bit and won't be finished by year's end as originally planned.
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.
They are happy to see the improvements because they expect it'll be better for business, which in turn should create
more sales tax revenue for Orland Park.
Republicans also would
boost sales tax revenue estimates by $ 5 million and reduce police overtime projections by the same amount.
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.
«If he's right and we're wrong, then we'll be very, very happy,» Mr. Lindsay said, adding that Mr. Levy's budget
overestimates sales tax revenue by $ 30 million.
As a minority member on the Onondaga County Legislature, I worked across geographical and party lines to successfully negotiate a 10 - year agreement that ensured Syracuse would receive its fair share of
sales tax revenues collected by the county.
As a result of a decrease in energy costs and weakening of the Canadian dollar,
sales tax revenue continues to decline which creates significant challenges for the county's budget.
The budget addresses a significant fall off in
sales tax revenue growth and increased mandated social service costs directly related to the financial and economic downturn in the U.S. and many other countries.
The original scope of the audit period was from Jan. 1, 2015 to Dec. 31, 2016, but was expanded to Jan. 1, 2010 to
review sales tax revenues, which auditors determined were not properly allocated.
As Ms. Carpenter has, Mr. Bellone indicated that he would support legislation to more equitably share
countywide sales tax revenues for public safety, money that under the Levy administration has been earmarked for western Suffolk.
To get within the cap, Chautauqua County lawmakers drained more fund balances, boosted
sales tax revenue projections and used other one - shot measures.
The results indicate a stalling economic recovery in upstate New York, where full - year 2013
sales tax revenues rose 1.64 %, down from full - year growth of 3.46 % in 2012.
The Independent Democratic Conference on Monday rolled out a plan that would help fund repairs to the New York City subway system
through sales tax revenue.
Across the board, New York saw
sales tax revenue grow $ 177 million over the first half of this year, according to numbers tallied by the state comptroller's office.
The New York State Association of Counties is concerned
about sales tax revenue reports indicating negative growth in the second quarter.
«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.»
Total sales tax revenues in January, nearly $ 1.84 million, were down 10.1 percent from the same month last year, according to data from the Illinois Department of Revenue.
To hedge their bets, McMahon said lawmakers are also proposing a kind of savings account, made up of any of the
extra sales tax revenue from the amphitheater, to cover any lean years at the casino.