Jump to content
Sign in to follow this  
ElmiraTelegram

County Announces 6.6% Increase In Sales Tax Receipts For Second Quarter Of 2018

Recommended Posts

Chemung County Executive Tom Santulli and Southern Tier Economic Growth President Mike Krusen announced this morning that sales tax is up 6.63 percent through the first six months of the year. The 6.63 percent increase represents a growth of $1.8M in sales tax throughout the County for the first half of 2018.

“Sales tax continues to be the greatest source of revenue for our county. After experiencing nearly 3.5 percent sales tax growth in 2017, the first six months of this year are even better with sales tax growth at 6.5 percent," said Santulli. "Chemung County is very fortunate to be a regional shopping center for the Southern Tier and Northern Pennsylvania. These strong sales tax numbers will allow Chemung County to present its 14th consecutive budget without a property tax increase."

Chemung County generated nearly $30M in gross sales tax receipts so far this year. If this level continues, that could bring the County to the same level of collection it had in 2011, which represents the high water mark of sales tax collections for Chemung County.

“Sales tax collections continue to reflect a strong and growing economy in Chemung County.  With several hundreds of jobs coming on line at companies like Wayfair, Corning Inc. and CAF USA we are confident that this trend will continue,” said Mike Krusen.

 

Share this post


Link to post
Share on other sites
Chris    481
1 minute ago, ElmiraTelegram said:

These strong sales tax numbers will allow Chemung County to present its 14th consecutive budget without a property tax increase."

Sure, they'll just keep increasing your assessment and your taxes go up that way. Ours sure as hell did. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×