Sales Tax Down, Property Taxes Up In Chenango

By: Shawn Magrath

NORWICH – County sales tax revenues were down and property taxes were up in 2015, setting the stage for a tough financial year ahead, according to county administrators.

Recent reports from the New York State Tax Department show that sales tax revenue in Chenango County dropped by nearly one percent, or $200,000 over the last year. Despite early predications of a possible 1 percent sales tax revenue increase back in October, the months of November and December brought in less revenue that county officials had expected.

Sales tax revenue in Chenango has struggled to bounce back since the economic downturn in 2008, according to County Treasurer William Craine. Any growth in recent years has been minimal – about one percent per year.

“We didn’t see the growth we hoped for at the end of the year. It’s going to be interesting to see what heppens in the January and February reports,” said Craine.

The State Tax Department report also shows surrounding counties in a similar situation, some down as much as six percent. Cortland, Broome, Delaware, and Otsego counties were all in the red by year’s end. Madison County saw some growth, but only by a marginal one percent.

In 2015, 12 counties throughout the state collected less in sales tax revenue than they did in 2013. For 11 other counties, while not negative, they averaged less than 1 percent growth per year in sales tax receipts between 2013 and 2015.

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At the same time, the Tax Foundation reports that New York ranked first in the country when it comes to the 2015 state and local tax burden. New York had the highest combined state and local tax burden in the country in 2011 and 2010, as well.

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