19 Municipalities Receive $25 million in Sales Tax from Albany County

Albany County Legislature’s Majority Office

19 Municipalities Receive $25 million in Sales Tax from Albany County

First-quarter revenues up from 2015

ALBANY (April 25) ­­- Albany County last week distributed nearly $25 million in sales tax revenues to its 19 municipalities – a 1.3 percent increase over last year’s first quarter.

The county dispersed $24,843,731 in sales tax made during the first three months of 2016, compared to $24,527,408 it shared last year during the same period, Majority Leader Frank Commisso said.

“Maintaining our generous sales tax distribution formula for our local governments continues to be a priority of the Democratic majority,” Commisso said.

Last year, the county distributed a total of $102.7 million in sales tax to its three cities, 10 towns and six villages. The amounts given are based on population. Local communities depend on the revenue to balance their budgets and fund essential services.

The sales tax on purchases made in Albany County is eight percent. New York State sends half of the tax money back to the county. Under one of the most generous sales tax revenue distribution programs in the state, Albany County provides 40 percent of its share to municipalities – while retaining one of the top 10 lowest property tax rates in the state, according to state Comptroller Thomas DiNapoli.

“I’m happy to distribute the sales tax revenues to the municipalities, many of which desperately need it to help control the growth of property taxes,” said Democrat Gary Domalewicz, chairman of the Albany County Legislature’s Audit and Finance Committee. “Without these funds, many of our municipalities would be in the red.”

The city of Albany received $7,991,703 compared to $7,889,949 for the first three months of 2015. Cohoes received $1,320,408, up from $1,303,596, while Watervliet received $837,424, up from $826,761. Here’s what the 19 municipalities received from Albany County in the first quarter of 2016:

City of Albany: $7,991,703

Town of Colonie: $5,737,791

Town of Bethlehem: $2,748,618

Town of Guilderland: $2,742,656

City of Cohoes: $1,320,408

City of Watervliet:  $837,424

Village of Colonie: $579,877

Town of New Scotland: $478,493

Town of Coeymans: $409,404

Village of Menands: $345,705

Town of Westerlo: $274,486

Town of Berne: $228,180

Village of Voorheesville: $227,772

Town of Knox: $219,850

Village of Ravena: $196,409

Village of Green Island: $192,573

Town of Rensselaerville:  $150,514

Village of Altamont: $140,469

Town of Green Island: $21,397

————————————————————————–

Established in 1968, the 39-member Albany County Legislature establishes government policies and adopts local laws for the county’s nearly 310,000 residents. The elected body meets at 7 p.m. on the second Monday of each month in the Legislative Chambers of the Albany County Courthouse at 16 Lodge St., Albany. The next scheduled meeting is May 9.

————————————————————————–

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s