Chenango's Sales Tax Drops 6 Percent

By: Melissa deCordova

NORWICH - Chenango County Treasurer William B. Evans reported sales tax collections were down 5.71 percent for the first two months of 2009.

An analysis of figures comparing 2007 to 2008 showed an average annual decrease of 2.20 percent, or about $409,000 less in gross receipts. The county took in approximately $18.3 million in 2008.

“The fourth quarter last year lifted the lid and proved that we were are going to be going in a different direction that we generally have,” Evans told members of the Finance Committee last week.

He said the nearly six percent drop so far this year was tentative and could be the result of a posting error.

“But it’s trending like this in other regions. This is not news to any of us,” he said.

While legislators were able to budget a bit less in order to fulfill this year’s general funding needs - $6.75 million for 2009 versus $7.3 last year - the downward trend could have a negative impact.” We could be off,” said Finance Committee Vice Chairman Dennis Brown, D-Pharsalia.

Story Continues Below Adverts

The treasurer, however, said he was confident that not only Chenango County, but also its 22 towns were “positioned carefully” to weather the storm with safe margins.

This year’s tax sale is scheduled for June 25th with bid packets available to the public on May 11 for 121 parcels. The final day for delinquent property owners to pay their taxes is April 10.

Also at Finance, Chenango County Real Property Tax Director Steve Harris said equalization rates are anticipated to stay level with last year. The nation’s economic turmoil won’t be reflected until 2010, he said. The director offered a preliminary estimate of rates to members of the committee that showed a spread of 100 in some towns to as low as 40 in others.

Harris said he was working with the New York State’s Real Property Tax Services about putting more field inspectors on the ground in the county’s towns next year in order to better tally sales and determine more accurate local values.

TO READ THE FULL STORY

The Evening Sun

Continue reading your article with a Premium Evesun Membership

View Membership Options




Comments

Official Evening Sun Facebook

pennysaver logo
Shop4Autos logo
greatgetaways logo
Official Evening Sun Twitter