Schenectady County to Distribute $3.6 million in 2015 Sales Tax Revenue to Local Towns and Villages

Towns and Villages in Schenectady County will receive $3.6 million in 2016 from the distribution of sales tax authorized in the Schenectady County Metroplex Development Authority enabling legislation.

“We are pleased that our local municipal partners are realizing increased revenue as a result of our efforts to continue to grow the Schenectady County economy,” said Anthony Jasenski, Chair of the Schenectady County Legislature.  “This direct financial support is the largest amount distributed since 1999 and will provide important tax relief to our taxpayers.” 

One half of one percent of the County sales tax is set aside for economic development purposes. Thirty percent of this amount is provided directly to the Towns and Villages in the County. The remaining seventy percent is provided to the County’s Metroplex Development Authority and is used to help finance economic development projects that attract new investment and new jobs to the County which in turn generate additional sales and property tax.

The results from 2015 with total funding received since 1999 follows:  

  2015 Total
Delanson $15,503 $231,548
Duanesburg $233,630 $3,355,898
Glenville $885,126 $12,737,500
Niskayuna $886,568 $12,610,968
Princetown $86,169 $1,294,226 
Rotterdam $1,184,013 $17,463.271
Scotia $314,391 $4,777,788

 

Local governments in Schenectady County have received a total of nearly $52.5 million in sales tax dollars since 1999 when the Metroplex legislation was enacted. 

 


 

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