County’s sales tax revenue rose by more than $15 million in 2017

Towns and villages to share $3.8 million sales tax surplus


Make text smaller Make text larger





— Moody’s Investors Service has recognized Orange County for sharing $3.8 million in sales tax surplus received for fiscal year 2017 to its municipalities.

“Tourism and economic development are creating jobs and growing the economy,” Orange County Executive Steven M. Neuhaus said in a press release announcing the surplus sales tax. “More local spending generates more sales tax which helps our local governments.

"Local officials can use these funds to reduce property taxes, encourage further economic vitality and fund government services which might otherwise be negatively impacted," the county executive added.

According to the State Department of Taxation, Orange County’s sales tax revenue rose by more than $15 million in 2017, an increase of more than five percent from 2016. It was the largest gain among mid-Hudson counties.

Orange County budgeted $265.4 million in sales tax for 2017, but generated $280.5 million. The county shares that revenue with 41 towns, villages and cities.

According to figures suppled by the Orange County Executive's office:

The Town of Monroe will receive an additional $79,454.44;

The Village of Harriman will receive an additional $20,028.87;

The Village of Kiryas Joel will receive an additional $166,700.66;

The Village of Monroe will receive an additional $69,109.50;

The Town of Tuxedo will receive an additional $24,796.46;

The Village of Tuxedo Park will receive an additional $5,147.69; and

The Town of Woodbury will receive an additional $88,295.57.

“This is great progress, but there is more work to be done,” Neuhaus said. “We must continue to make economic development and tourism priorities and I hope our local governments use this unplanned funding to meet essential needs and encourage further economic growth.”



Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Spring Home Improvement Guide 2019
Click here for you guide to Home Improvement this spring!
Read more »
Image

Girls Night Out
Thursday, May 16, 2019 6 p.m.

Red Tail Lodge • Mountain Creek • Vernon, New Jersey


Join us for a night of celebration while

Read more »
Image

Orange County preparing for early voting
BY ERIKA NORTON
With early voting set to begin in New York State this November, Orange County is preparing to switch to...

Read more »
Image

Cleaning and alterations
"Mill" belongs on the sign for Mill Pond Cleaners, located on Mill Pond Parkway in Monroe.

Those in the know this week included:
• Jennifer Angel of...

Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST COMMENTED



Weather in Monroe, NY