Massena taxes can be paid without penalty until July 22

Shutterstock image

WATERTOWN — City sales tax revenue during the pandemic is faring better than anticipated.

Sales tax revenue was down $11,701, or 78% compared to last October.

That’s compared to original budget projections for the month. Sales tax was up $138,286, or 10.24%, according to a memo by city comptroller James E. Mills.

The year-to-date actual receipts increased $123,128, or 1.72%, while the year-to-date receipts on a budget basis are up $2,140,134, or 41.63%, according to the memo.

Council members on Monday night said they were happy to see sales tax getting back to normal for the city.

During last spring’s budget process, City Council members were worried sales tax revenue would plunge because of the pandemic.

Early on, Mayor Jeffrey M. Smith projected the city would lose about $2 million in sales tax revenue because of the financial crisis caused by the coronavirus pandemic.

Sales tax revenue was down for the first couple of months when the local economy was shut down. But after miserable months in April and May, the sales tax revenue began to normalize after restaurants and retailers were able to reopen in June.

As an Amazon Associate I earn from qualifying purchases.

Johnson Newspapers 7.1

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.