Pages

Friday, August 16, 2019

Allegany County: Despite economic hits, sales tax collections up right now over last year

Two major manufacturers in Allegany County are faltering...retailer Kmart said goodbye this year...and yet sales tax collections are UP over last year! It's not a huge increase, but given the challenges, a financial report that shows black ink instead of red is always encouraging. Allegany County Treasurer Terri Ross tells us that, as of today, sales tax collections are up about $45,000 over last year. While not significant...a win is a win. Ross speculated that gasoline prices rose and generated additional tax money, as did utilities.
The county so far this year has taken three hits, the worst in mid July of $117,000.