County Releases Figures for Occupancy & Sales Tax Distributions
Local News November 8, 2019The Cortland County Budget and Finance committee will meet on Tuesday (November 12) and authorize both the third quarter sales tax distribution for FY-2019 and the occupancy tax allocations for 2020.
A total of $8.4M in sales tax revenue was calculated by the state comptroller, of which $1.5M is automatically taken off the top and placed in the jail reserve fund, as per a 2018 sales tax agreement.
Another 54% goes exclusively to county purposes, with the rest being spread around the various municipalities, several of which have opted to use part of their sales tax dollars to off-set the property tax levy.
A total of just under $3.7M was ultimately distributed.
See the full breakdown below:
Additionally at Tuesday’s meeting, the committee will vote on authorizing the county’s 2020 tourism & marketing grants, otherwise known as the occupancy tax allocation.
About $280K will be distributed to 18 different organizations.
That process was conducted by a review group that’s facilitated by the Convention and Visitors Bureau, which then makes recommendations on allocation amounts to the Legislature.
Next year’s totals are currently set as follows:
- 1890 House Museum – $12,000
- Brockway Truck Preservation Society – $10,000
- Center for the Arts of Homer – $23,000
- Central NY Maple Festival – $5,500
- Cortland Area Innkeepers Association – $6,000
- Cortland Crush NYCBL Baseball – $5,000
- Cortland County Historical Society – $12,000
- Cortland Main Street Music Series – $2,000
- Cortland Regional Sports Council – $118,000
- Cortland Repertory Theatre – $25,000
- Cultural Council of Cortland County – $8,500
- Holiday in Homer – $2,000′
- Homer Cortland Community Agency – $12,000′
- Homeville Museum – $1,000
- JM McDonald Sports Complex – $20,000
- Lime Hollow Nature Center – $12,000
- Little York Fiber Arts Festival – $2,000
- Statewide Country Music Park – $4,000
These numbers are usually bring contention from organizations that feel they’ve either been shorted or left out of the distribution.
Tuesday’s meeting will also bring up a vote for TC3’s 2020 operating budget.
Stay tuned with WXHC News for all the updates.
