Nassau’s abridgement broadcast during the aboriginal bisected of this year, but not as abundant as expected, canton sales tax collections show.
Sales tax acquirement added by 1.4 percent for the aboriginal six months of this year compared with the aforementioned aeon aftermost year, canton admiral appear Friday. However, Nassau had approaching a 3 percent access in year-over-year collections for 2015.
In Suffolk County, sales tax receipts for the aboriginal bisected of the year added by alone 0.65 percent, to $3.72 million, able-bodied beneath the 4.87 percent approaching for this year. Aldermanic account analysts warned that the canton could face a arrears of as abundant as $71 actor if acquirement does not improve.
Nassau Comptroller George Maragos said that if the accepted clip of collections continues, the canton will face a $35 actor arrears in sales tax revenue, which makes up 42 percent of the canton budget.
“The slowing U.S. economy, weakness in customer spending and the online about-face in customer purchasing patterns abide to abnormally affect our sales tax receipts,” Maragos said.
To date this year, Nassau has calm $488.5 actor compared with $481.9 actor aftermost year.
Eric Naughton, agent canton controlling for finance, alleged the $6.6 actor access in sales tax receipts “good news. We abide carefully optimistic, and imposed spending restraints beforehand in the year
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