Tuesday, May 21, 2013

Latest local news, weather and sports for Syracuse and Central New York

Local governments leaning harder on their taxpayers
Posted: 01.17.2013 at 7:05 AM
0
Photo

ALBANY (AP) -- New York state Comptroller Thomas DiNapoli says local governments are leaning harder on their taxpayers because of sluggish state and federal aid.

DiNapoli's report states that in the last decade, federal and state aid grew an average of 2.2 percent a year, which was less than the inflation rate of 2.4 percent during the same time.

The share of local municipal and county funding that comes from the state and federal government is down to 20 percent, from 22 percent in 2011.

DiNapoli says that at the same time revenue from sales taxes and increases in sales taxes rose nearly 6 percent and property taxes rose by over 4 percent over the last decade.

The Democrat warns that dependence on sales tax and property tax revenue is risky.

(Copyright ©2013 by The Associated Press. All Rights Reserved.)

Related Links

Popular Stories
Thumbnail
Power outages across Central New York after severe weather
Matt Mulcahy  |  Yesterday at 7:29 PM  |  14 comments
Follow CNY Central
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
CNY Biz Central - Home & Garden
From landscaping to decoration, get smart with home and garden tips.
CNY Biz Central - Auto
Do-it-yourself tips on auto maintenance and repair.
CNY Biz Central - Recreation & Travel
We have the travel information you need, and more!
CNY Biz Central
Get information from our team of experts.
ADVERTISEMENT