WPCNR QUILL & EYESHADE. From the New York State Department of Taxation and Finance. September 13, 2013:
White Plains Sales Tax Receipts went up 2% in August, and its sales tax handle for the first two months of the city fiscal year was up 1%. But city retail sales rates are lagging behind county sales tax growth rate of 6% a month.
The all-Westchester County pace of a steady 6% increase in sales taxes, puts the county on target, if they match last year’s September through December “handle,” of reaching $477.7 MILLION. Should September through December continue the 6% rate of spending the county is looking at a $487.4 Million sales tax handle.
Westchester County through 8 months of its 2013 fiscal year is up 6%, collecting $316,183,750 compared to $298,080257 the first 8 months of 2012.
If the County continues on the 6% growth rate, the county will earn $487.4 Million in sales tax receipts, generating a $10 Million surplus in sales tax receipts over the 2013 forecast of $478 Million in sales taxes.
Should the county have a robust September and Holiday Season there is an outside chance they could hit $500 Million, an all time record.