Jefferson County's Sale Tax Revenues Slow In 1st Quarter
Sales tax revenues in Jefferson County are off to a slow start this year.
Although collections did go up for the first three months, the increase was less than 1 percent.
Local officials say the numbers are less than impressive, especially since the county is used to sales tax growing at a much healthier rate.
Sales tax revenue grew at a rate of almost 6 percent between 2011 and 2013.
"We have been kind of pampered with 6 and 7 percent increases in our sales tax," said Scott Gray, who chairs the county legislature's finance committee.
"We've been above the state norm in that regard," he said.
Gray says the bottom line is, with less money coming in, it's going to be harder to balance the budget.
He hopes a boost in business this summer will generate more sales tax.
Friday, August 1, 2014, Watertown, NY
On Wall Street