RING A DING DING IT’S RAINING MONEY EVERYWHERE IN WESTCHESTER, WHITE PLAINS IS UP 4.3% IN SALES TAX RECEIPTS.

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COUNTY SALES TAX RECEIPTS UP 23% IN NOVEMBER ON TRACK FOR $607 MILLION  FOR THE YEAR  10.2% GAIN

SALES TAX TAKE UP STATEWIDE, TAX OFFICE SAYS.

 WHITE PLAINS SALES TAX UP 4.3% FROM LAST YEAR’S PACE.

WPCNR QUILL AND EYE SHADE. By John F. Bailey with Data from the NY DEPT OF TAXATION & FINANCE. UPDATED WITH NEW WHITE PLAINS FIGURES. December 23, 2019, Updated December 27, 2019:

Cash registers in Westchester County were Jingle Bells  again in November with the county collecting  23% more Sales Tax Dollars  in November year to year, ringing up a A $55.2 MILLION “handle” for the second month in a row,  to last year’s $42.1 MILLION.

And Yes, Virginia, the county sales tax receipts reflect internet sales, The New York State Department & Finance confirmed to WPCNR in this statement:

“Yes. All internet sales that were paid would be included in the Westchester County Sales Tax Figures. Internet Sales might be a portion of the increase but the increase is also due in part to 1- the new 1% increase in Westchester County Sales Tax rates that began in August 2019 and 2- total Sales Tax collections being up overall in NYS. Sales Tax Receipts is up compared to October 2018.”

The state did not have what the percentage of internet sales tax receipts were internet-generated.

This county bonanza was a bewildering contrast compared to White Plains White Plains was even in November sales tax receipts–$3,999,814 compared to $3,975,933 in November 2018.  

The county is awash in new lovely money.

Through the first 5 months of the White Plains fiscal year 2019-20, the city has collected $21,126,850 in contrast to $20, 258,107 last year at THIS time.

 (This corrects a WPCNR line error on the 2018 report, and now showing that White Plains is now ahead of last year’s pace of sales tax collections  by 4.3%. WPCNR gives a tip of the WPCNR fedora to Cliff Blau  for the tip.)

The White Plains economy is not experiencing the same prosperity the rest of the county is, even though White Plains collects the same sales tax as the county.

White Plains is UP 4.3%. A boffo December may get the city back on track. to meet the city’s conservative-by-law sales tax estimate.

The county predicts $747 MILLION in sales tax money will come in in their 2020 budget.

If the county gets another $59 MILLION in sales in December for the third month in a row, they clear $607 MILLION for the year, a 10.2% increase. But, if this pace continues in 2020, and the $607 Million grows 15% the county will add an  additional $91  million for a 2020 total of $698  million.

That leaves a possible $49 MILLION deficit from the predicted $747 Million in sales taxes.

The  figure of $747 Million is said to be a calculation by the county that has not been explained.

If  the $607 Million grows  12%, the deficit balloons to $67 MILLION.

If it hits 10% more sales taxes, the increase in sales taxes grows 61 Million, leaving a $73 million deficit off the projected $747,000,000

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