Sentences with phrase «percent city sales tax»

Some upstate counties and cities have rates as low as 7 percent combined while New York City has a combined sales tax rate of 8.875 percent, which includes the 4 percent state sales tax, three - eighths percent Metropolitan Commuter Transportation District sales tax and 4.5 percent city sales tax.

Not exact matches

The City of Denver recently voted to slap a new 5 percent tax on marijuana, on top of its own 15 percent excise tax and 10 percent sales tax.

For example, a retailer based in New York that sells a product to a consumer in Chicago must factor in a 1.25 percent Chicago city sales tax, a 1.75 percent Cook County sales tax, the 6.25 percent Illinois sales tax and a 1 percent «special» sales tax.

Schools will get half of the sales tax revenue; the county will receive 30 percent; and the county's 39 cities will get the remaining 20 percent.

Chicago's sales tax rate will hit a whopping 10.25 percent next year, and just in time for Oscar Mayer to move into its new digs in the AON Center near Millennium Park, the Chicago City Council passed the largest property tax increase in modern city histCity Council passed the largest property tax increase in modern city histcity history.

Last week, county Legislator Rich Gerentine, who chairs legislature's Ways and Means Committee, presented a proposal that would reduce the city's share of the sales tax money to 10 percent and the towns» to 2 percent.

Dutchess County keeps about 82 percent of its sales tax but distributes the remainder about equally between its numerous towns and two cities.

The property tax accounts for about 40 percent of the city's revenue each year, twice as much as the personal income tax (about 20 percent) or sales tax (roughly 14 percent).

The city, benefiting from an economy that boosted sales and income tax collections 15 percent since fiscal 2014, on Tuesday is selling $ 1 billion of bonds backed by that revenue to pay for capital projects.

If Poloncarz's Republican opponent, Assemblyman Ray Walter, wins the election and gets his way, town and city governments will receive an average $ 166 per resident from the 8.75 percent sales tax — compared to the current $ 139.

The city of Yonkers was authorized on Thursday to increase its sales tax by one half of one percent and impose a new occupancy tax for hotel rooms after Gov. Andrew Cuomo approved the home - rule legislation.

Overall, sales tax growth in the fourth quarter excluding New York City was only a 1.4 percent increase over a year earlier.

Troy Mayor Patrick Madden told city residents non-renewal of the extra sales taxes would equal a 10 percent property tax increase.

The results published on Monday in, «Back on Track,» a policy analysis of the issue, 75 percent of city riders indicated that the city should pay, and 69 percent said they were not opposed to using city sales tax to cover the cost.

The legislation captures an infinitesimal six percent of city sales tax, for a one - time need, in order to make desperate repairs to a degraded subway system that serves its residents and businesses.

As Albany debates extending and perhaps expanding a tax on New Yorkers who earn more than $ 1 million a year, Mr. de Blasio suggested imposing a «mansion tax» of 2.5 percent on residential sales of more than $ 2 million in New York City and using that revenue to provide rent subsidies to 25,000 seniors.

Of the county's 8.75 percent sales tax rate, 4 percent goes to the state, and the remaining 4.75 percent is divided up among the county and its cities, towns and villages using a formula that depends on various factors including where the purchases are made.

Stringer's office proposed a 10 - percent state excise tax on marijuana sales and a 25 - percent excise tax in the city.

Combined with the existing 4 - percent sales tax, marijuana sales could generate nearly $ 436 million in taxes for the state and $ 336 million for the city, Stringer's office found.

The 5 percent surplus will be spread among 41 cities, towns and villages, deemed a credit positive by Moody's, the credit rating agency which released a report on the sales tax revenue.

In addition, in the event that the county's authority to levy the existing one percent sales - tax is not renewed by the state, the city and towns will share that impact with the county in a 40/60 split.

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

The county takes the position that having granted the city and towns some $ 30 million a year in safety net and election expenses as agreed to under the 2014 one - percent sales - tax extender, it needs money «to offset critical county expenses,» according to the joint release.

Utica sales - tax revenues were up 4.18 percent to $ 10.1 million, Rome's rose 6.75 percent to $ 7.5 million, Ithaca's increased 6.41 percent to $ 11.5 million, and the City of Oswego saw revenues climb 9.06 percent o $ 14.2 million.

This creative agreement provides for the city's sales - tax distribution to remain at 11.5 percent and the towns at 3 percent.»

Kingston Mayor Shayne Gallo has estimated that failure to extend the temporary 1 percent sales - tax supplement, combined with Safety Net welfare and election costs, could cost the city upwards of $ 5 million and result in 20 to 40 layoffs, including cops and firefighters, from the city's workforce.

The Independent Budget Office came up with the figures in response to questions raised by Manhattan Borough President Gale Brewer, after Mayor de Blasio began prodding Albany to approve an added 2.5 percent tax on sales of homes in the city for $ 2 million and up.

During testimony on Gov. Andrew Cuomo's budget before the state Legislature, de Blasio is expected to propose a 2.5 percent property transfer tax for all residential sales exceeding $ 2 million, according to details City Hall officials provided Sunday evening.

The de Blasio administration is calling for an additional 1 percent tax on the sale of homes in New York City over $ 1.75 million, which would rise to 1.5 percent tax on sales over $ 5 million.

Only a half - dozen of 57 counties outside New York City have kept their sales taxes at 3 percent, according to state data, and now they aren't being allowed to raise it.

The Connecticut Conference of Municipalities, an association that represents most of Connecticut's towns and cities, is hoping a 1 percent sales tax increase will be part of any budget agreement reached by state lawmakers.

Residents across the 10 - county Atlanta region including Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Fulton, Gwinnett, Henry and Rockdale counties, as well as the City of Atlanta have the opportunity to vote on a referendum that would fund $ 8.5 billion in transportation improvements through a regional one percent sales tax.

The county takes the position that having granted the city and towns some $ 30 million a year in Safety Net and election expenses as agreed to under the 2014 1 percent sales tax extender deal, it needs money «to offset critical county expenses,» according to the joint release.

The deal puts a further onus on the city - and - town shares should the 1 percent extension to the three percent sales tax the county is allowed to levy, an extension that must be renewed by the state every two years, not get state approval.

In addition, in the event that the county's authority to levy the existing 1 percent sales - tax [surtax] is not renewed by the state, the city and towns will share that impact with the county in a 40/60 split.

Ulster County announces it plans to cut the sales tax share of the City of Kingston from 11.5 percent to

However, when explained to voters that Mayor Bloomberg says his proposal to hike the city's sales tax half a percent is not ideal but is a solution to avoid additional spending cuts in the city's budget and reduce the number of layoffs, slightly more — 46 % — support the idea.

Cahill set the stage last year, said his detractors, by holding up the 1 percent sales tax extension for two months, thus, again according to detractors, chief among them County Executive Mike Hein, costing the county some $ 5.2 million and the City of Kingston about $ 600,000 in revenue.

Taking a firm stand for the first time in public on reducing the city's share of sales tax revenue, County Executive Mike Hein has charged the City of Kingston with accepting some $ 8 million from the county in Safety Net welfare relief over the past four years and using it to «mask» a collective spending increase of almost 40 perccity's share of sales tax revenue, County Executive Mike Hein has charged the City of Kingston with accepting some $ 8 million from the county in Safety Net welfare relief over the past four years and using it to «mask» a collective spending increase of almost 40 percCity of Kingston with accepting some $ 8 million from the county in Safety Net welfare relief over the past four years and using it to «mask» a collective spending increase of almost 40 percent.

While on paper the city of Saratoga Springs had a 5.9 percent, or $ 200,000, decline in sales tax revenue, taking out adjustments made for errors in previous tax years would show the city with a surplus, said Mike Sharp, the city's deputy commission of finance.

For more than a decade the county has given the city 11.5 percent of the 4 percent county sales tax collected each year, which amounts to roughly $ 12 million annually.

A report released by the city Independent Budget Office has raised questions about the potential effects of the so - called «mansion tax,» a proposed part of Mayor Bill de Blasio's affordable housing strategy that would levy a 2.5 percent surcharge on the sale price over a threshold of $ 2 million for residential properties.

Instead, Miner has said she would ask state legislators to help divert most of the extra 1 percent sales tax to the city.

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.

Although both cities have the same sales tax, New York City also has a local tax, meaning something you buy in the Big Apple will cost you 4.5 percent more than it would in Buffalo.

Many businesses in the city benefit from being in the Urban Enterprise Zone, which allows them to charge their customers a 3.5 percent, rather than 7 percent sales tax.