Jefferson County Faces Sales Tax Revenue Shortfall

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Jefferson County could finish the year with a tax revenue shortfall of as much as three-quarters of a million dollars.

That's according to Board of Legislators' Finance and Rules Committee Chair Scott Gray.

"At this point it is safe to draw a conclusion that we will finish short of budget for 2013," Gray said in an email.

He said the projected shortfall could be around $767,000.

"We are in a very precarious situation heading into what might be our most difficult budget in nearly a decade. We have been experiencing a stagnation of state and federal funds and now sales tax," said Gray.

The county brought in $25.2 million in sales tax revenue between January and September of 2013.

That's down 1.79 percent compared to last year during the same time.

"Our sources of revenue need to be matched with expenses, our sources of revenue are flat while our expenses have natural growth which will make this budget difficult. If anyone desires to increase cost we will need to sacrifice in other areas by cutting or be willing to raise property taxes in order to meet expenses," Gray said.  
 

Friday, October 24, 2014
, Watertown, NY

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