Sales Tax

After several years of budget surpluses, New York State tax revenue is coming in at a lower than expected rate. That could impact big ticket programs like school aid and health care as well as a multi-year tax cut planned by Governor Cuomo and legislators.  

Collections of income taxes are down nearly three quarters of a billion dollars from what was projected by Governor Cuomo’s division of the budget back in April, at the start of the state’s fiscal year.

Scott Willis / WAER News

  Onondaga County Executive Joanie Mahoney presented her budget proposal to lawmakers Thursday, which includes no property tax increase for 2017.   The $1.3 billion spending plan represents a 1.9 percent increase over 2016.  But there are signs that the budget is a bit more strained than in recent years.  While the property tax levy stays flat, Mahoney says they’re also predicting a modest increase in sales tax revenue that’s roughly half of what it has been.  

mayor stephanie miner at a podium
Scott Willis / WAER News

Syracuse Mayor Stephanie Miner said Wednesday she does not support any tax breaks for the proposed Destiny USA hotel.   Developers sent a letter to the mayor and County Executive Joanie Mahoney last week expressing their intentions to build a $75 million, 252-room hotel on a parking lot across Hiawatha Boulevard.  Miner said that, given the history Pyramid Development has in the area, any hotel construction at Destiny USA should be privately financed, without added incentives from Onondaga County: