Jamestown New York Sales Tax Revenues Looking Up
- Feb 15, 2012 | Susan McLain
Jamestown, New York Mayor Sam Teresi “…is cautiously optimistic…over higher than projected sales tax revenue for the city.” Local men’s store owner, Clifford Powers says the past few months have been really up and some of the best they’ve had.
The town has seen some positive growth with increased production and continued job growth by Cummins Engine. Dave Porter, Cummins Inc. Plant Manager says, “…our customers are ordering more, and that really is driven by the long replacement cycles for trucks, and then the fact that we’re ready to ship, we’ve hired people here and we’re producing at levels that can meet our customer demand.”
Though finances are looking good for Jamestown, and they certainly seem more solid than cities in dire straits like Harrisburg, Pennsylvania, “…Teresi warns despite the sales tax increase, a decade of city budgets with a surplus may be coming to an end, thanks to the property tax cap and little mandate relief from Albany.” He adds, “We’ll see what this sales tax news means as we finalize our numbers with the closeout of the 2011 budget, but right now we may be projecting a very, very slight deficit in the 2011 budget.”