Real property tax at 13.39% and federal aid, at 10.11%, round out the top five proposed revenue sources.Īll other funding sources come in at 12.10%. Sales tax, slotted for $131,938,000 is the largest proposed revenue source, covering 26.72% of proposed revenue.ĭepartment income, at $94,273,480, comes in at 19.09% and state aid, at $91,811,913 comes in at 18.59%. The money allotted in Picente’s proposal comes from five major sources and a combination of other sources. It’s spread out.” Where does the money come from? “We’re not seeking more taxes from our residents. “That’s always the rub of our budget,” Picente said of equalization rates. The equalization rates will only show an average increase or decrease of around a dollar or less, according to figures from the county executive’s office. The possible changes are due to the equalization rates determined by the New York State Office of Real Property Services.Ĭounty taxes are apportioned among the cities and towns within the county on the basis of the proportion of the total full valuation of taxable real property within each municipality. Though Picente highly touted a decade of no changes to the county’s property tax levy, that does not mean various municipalities will not see an increase or decrease in their county tax rates. Here are the five biggest takeaways from Picente’s budget proposal. This is the tenth year in a row the levy has not been raised, Picente said. Sales tax (budgeted for $131 million) and Oneida Indian Nation revenue ($23.85 million) have increased and the county will receive a plethora of reimbursements from the state and federal government, Picente said. Picente said the increase in his proposed budget is covered by an increase in various revenues coming into the county. Together, we have created a stable and sustainable structure that has withstood tests and enabled significant investments.” I don’t pass on undue tax burdens to our residents and I never mortgage our future for my own political gain. “I have always adhered to my fiscally conservative principles when constructing these budgets.” “In the years before, we were totally at the whim of outside forces,” Picente said.
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