WPCNR QUILL & EYESHADE. By John F. Bailey. October 15,2009 UPDATED 5:07 P.M. E.D.T.: The New York State Department of Finance reported to WPCNR today the City of White Plains sales tax revenues, a staple of the city budget, are down 18 % from the first quarter of 2008.
Sales Tax receipts for White Plains declined 26% in September completing the first quarter.
The city tax coffers received $10,084,637 through the first three months of the 2009-10 fiscal year (July, August, September) the month of September compared with $12,337, 393 in the July, August and September of 2008.
In the last fiscal year, ending June 30, 2009 the city collected $46.3 Million in sales tax in 2008-2009. If the present trend continues to hold at 18% off in sales revenues, with the city collecting the same sales taxes in the next three quarters as they did last year, the city will collect $38 Million in sales tax — creating a budget deficit WPCNR projects at $8.3 Million in sales tax revenues alone.
If the city is to equal the sales tax projected for this fiscal year, $47,350,000, the city needs to generate $12.4 Million in sales tax each quarter ($37.2 Million). In the last six years, the city has only earned $12.4 Million in a quarter once and that was in the first quarter of 2008, when the sales tax was increased1/4%.
Gina Cuneo-Harwood, City Commissioner of Finance told WPCNR she did not anticipate an $8.3 Million fall in the sales tax, and stayed with her forecast of a $2.3 Million decline in the sales tax she gave the Common Council in her last meeting on the budget.
Tom Bergin of the New York State Department of Taxation and Finance, noted the 26% drop, and checked i8nto it for WPCNR. Mr. Bergin told WPCNR: “It looks like that negative 26% number for White Plains (in September) is related to sagging economy in the retail and technology sectors.


