Sentences with phrase «sales tax revenue grow»
DiNapoli said sales tax revenues grew by 2.6 percent in the first quarter, but tumbled to 0.8 percent over the next three months.
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After accounting for the impacts of measures and adjustments, the Sales Tax revenue base is projected to grow at an average annual rate of 4.3 per cent over the forecast period, roughly consistent with the average annual growth in nominal consumption of 4.0 per cent over this period.
Another factor to consider: Sales tax revenues generally grow in the long term, while counties» Medicaid costs were frozen by Governor Cuomo and the Legislature in 2012.
Over time, the value of lost sales tax revenue would outstrip the Medicaid savings for an ever - growing share of counties.
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 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.»
SYRACUSE, N.Y. - Onondaga County Executive Joanie Mahoney is expected to make a case at Tuesday's «State of the County» address that sales taxes are a growing part of county revenue and a driving force behind project choices.
Santino said the town increased building permit and town fees revenue to $ 102 million, grew mortgage recording receipts to $ 22.3 million and gained nearly $ 38 million in sales tax, totaling a positive revenue gain of more than $ 12 million.
Sales tax revenue across the state grew by 3.3 percent in the first half of the year, according to a report released Friday by Comptroller Tom DiNapoli's office.
Income - tax revenues grew substantially in April for the first time in four years, and sales - tax collections also looked healthier than at any time since the eight - month recession in 2001.