If the additional one and one-half percent (1.5%) sales tax
is to be extended beyond the November 30, 2017, expiration date as set forth in
Resolution No. 200-15 (originally changed by Resolution No. 118-67), it will be
necessary to adopt a resolution requesting our state legislative
representatives to introduce and seek passage of the required legislation to
continue the additional one and one-half percent (1.5%) County sales tax for
four years.
Based on sales tax revenue receipts of $19,289,652 for 2016,
the additional one and one-half percent (1.5%) sales tax resulted in $6.43
million revenue.
FISCAL IMPACT: Approximately $6.43 million
REQUESTING STATE
LEGISLATIVE REPRESENTATIVES TO INTRODUCE AND SEEK PASSAGE OF LEGISLATION
AUTHORIZING ALLEGANY COUNTY TO CONTINUE THE ADDITIONAL ONE AND ONE-HALF PERCENT
COUNTY SALES TAX FOR FOUR YEARS
Offered by: Ways & Means Committee
WHEREAS, the only
two substantial sources of tax revenue available to Allegany County are real
property and sales, and
WHEREAS, Allegany
County is at its sales tax limit, and
WHEREAS, by
Chapter 174 of the 2015 Laws of the State of New York, the County of Allegany
was authorized to impose an additional one and one-half percent sales tax for
the period December 1, 2015, to November 30, 2017, and
WHEREAS, by
Resolution No. 200-2015, such additional sales tax was imposed for such period,
and
WHEREAS, Allegany County is presently at 92.45 percent of
its constitutional taxing limit for real estate taxes, and
WHEREAS, Allegany
County will be at 100 percent of such constitutional taxing limit if such
additional sales tax is not reauthorized, and
WHEREAS, Allegany
County has had no substantial growth in real estate assessed valuation in the
past five years, and
WHEREAS, in
Allegany County’s current economic situation and in order to preserve essential
services, any substantial increase in real estate taxes would put in financial
jeopardy the County's large percentage of senior citizens with fixed incomes
who would have no choice but to pay such taxes out of such fixed incomes, now,
therefore, be it
RESOLVED:
1. That the Allegany County Board of Legislators requests
our State legislative representatives to introduce and seek passage, in the
State Senate and Assembly, legislation to authorize Allegany County to continue
the additional County sales tax of one and one-half percent for at least the
period December 1, 2017, to November 30, 2021.
2. That the Clerk of this Board is directed to send copies
of this resolution to Senator Catharine M. Young and Assembly member Joseph M.
Giglio.
