NORWICH - Chenango County Treasurer William B. Evans reported sales tax collections were down 5.71 percent for the first two months of 2009.
An analysis of figures comparing 2007 to 2008 showed an average annual decrease of 2.20 percent, or about $409,000 less in gross receipts. The county took in approximately $18.3 million in 2008.
“The fourth quarter last year lifted the lid and proved that we were are going to be going in a different direction that we generally have,” Evans told members of the Finance Committee last week.
He said the nearly six percent drop so far this year was tentative and could be the result of a posting error.
“But it’s trending like this in other regions. This is not news to any of us,” he said.
While legislators were able to budget a bit less in order to fulfill this year’s general funding needs - $6.75 million for 2009 versus $7.3 last year - the downward trend could have a negative impact.” We could be off,” said Finance Committee Vice Chairman Dennis Brown, D-Pharsalia.