DECEMBER 11–WESTCHESTER TO REACH $1 BILLION IN SALES TAX RECEIPTS A RECORD– IF 4.9 GROWTH RATE CONTINUES. ENDS SALES TAX REVENUE SHORTFALL | WHITE PLAINS CITIZENETREPORTER 3,826,065 VISITS IN ONE YEAR---73,578 VISITS A WEEK BY 1,111,506 VISITORS

WESTCHESTER COUNTY TO SET $1 BILLION RECORD MAYBE FOR SALES TAX REVENUE at 2024 CLOSE : OVER $1 BILLION.

WPCNR QUILL & EYESHADE THE COUNTY. Statistics from New York State Office of Tax & Finance. Observation & Analysis By John F. Bailey December 11, 2024:

It could the largest county sales tax “handle” in history over $1 Billion.

It will happen coming up if county retail growth rate of 2.8% continues in November December.

Westchester county has collected $764,342,546 THROUGH OCTOBER. The sales tax revenues have grown at 4.9% a month the first 10 months. If this growth rate continues 4.9%, the November December handles on the holiday buying season should surpass the $72 Million collected in November ’23 and $88 Million in December 2023, last year.

It is reassuring and efficient closure of the 2026 year as the first balanced budget in 15 years, with no leftover deficit but instead even if the growth rate lowers, the county if they collect just what they received last year the county will collect $924 Million which meets the projected 2024 budget sales tax revenues of $920 MILLION.

If the growth rate of 4.9%, though, continues or grows the county will surpass the $1 billion revenues in sales tax revenues: Last November and December county receipts were $160,000,000 when multiplied by 4.9% adds $45,276 ,000 to the revenues or $969,276 to the final 2024 sales tax “handle”.

Should the growth rate be higher the county could hit the magic of $1 Billion in sales taxes receipts in 2024.

It is a nice way for the incoming County Executive to start the year, and an achievement by outgoing County Executive George Latimer to wipe out the deficit budgeting the county has participated in the last 15 years and leave a legacy of a clean financial ledger disconnected from the past.