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| Create an account | The White Plains Daily Internet Newspaper...Founded 2000 A.D.... | |
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WPCNR QUILL & EYESHADE. Special to WPCNR From the New York State Department of Taxation & Finance. June 18, 2012:
White Plains is having a very good year in sales tax receipts. The May city sales tax receipts from Albany show the city collections are up 15.6% over the first 11 months of the city fiscal year ending June 30.
Westchester County is showing the start of statistically significant growth in the county economy, too, up 4% the first 5 months of their fiscal year.
Through May, White Plains has collected $46,754,475 in sales tax receipts in fiscal 2011-12, $6.3 Million more than received through May in fiscal 2010-11 when the city had collected $40,419,241. The growth is real full 15.6% because the sales tax rate was equal both years.
If the city collects $5 Million in June as the city did last June, the city is on target to collect $51.7 Million in sales tax receipts for fiscal 2011-12.
The County has collected $186.4 Million in sales taxes the first five months of its new fiscal year 2012, compared to $179.3 Million in 2011, a 4% growth in the county economy so far.
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