Governor Approves SLC's Sales Tax Hike
St. Lawrence County will soon get a bigger share of purchases made inside its borders.
Governor Andrew Cuomo signed legislation Thursday morning authorizing the county to raise it's share of the sales tax from 3 to 4 percent.
The state also collects 4 percent, making the increase for consumers from 7 to 8 percent.
County legislature chairman Jonathan Putney said in a written statement "I'm very appreciative of the role Governor Andrew Cuomo has played in the process of authorizing home rule legislation for St. Lawrence County."
With the sales tax increase, Putney said the county will be able to "provide the biggest property tax cut in SLC history next year," something "our citizens need and deserve."
Putney says the increase lets the county stabilize property tax rates and live within the state-imposed property tax cap over the next five years.
Putney said the target date to implement the hike is December 1, with a 14 percent property tax reduction "shortly afterwards."
"It's not too far from now," he said.
Putney said county officials first have to get a copy of the legislation, then schedule a special meeting to enact the increase.
Friday, August 29, 2014, Watertown, NY
On Wall Street