Goshen, N.Y. – Orange County Executive Steven M. Neuhaus has announced that the County has shared an additional $12.82 million in sales tax surplus received for fiscal year 2021 to its municipalities, bringing the total shared amount to nearly $92 million.
“The additional sales tax will be helpful to municipal budgets throughout Orange County,” Neuhaus said. “We continue to annually share more of our sales tax revenues than many other counties, and our municipalities can count on that funding to augment their budgets or help meet their community’s needs. This is a great example of our financial strength and illustrates that our post-COVID-19 recovery is underway.”
“The additional funding can help reduce the burden on local taxpayers and focus on improving infrastructure, reducing debt, enhancing parks and supporting public safety,” added Karin Hablow, Orange County’s Commissioner of Finance. “The County was able to reduce taxes and the tax rate in the 2022, and the sales tax surplus is another indication that the County is in a strong financial position.”
Orange County’s sales tax revenue rose by more than $68.67 million in 2021, an increase of more than 24.5 percent from 2020. Orange County budgeted $300.15 million in sales tax for 2021 but generated $348.62 million. The County shares that revenue with 43 towns, villages, and cities.
“The County’s sales tax sharing program is proof of County Executive Neuhaus is committed to assist municipalities as we navigate through uncertain times,” said Town of Monroe Supervisor Tony Cardone. “This funding will enable us to reduce our 2022 tax rate in both the Town and Village of Monroe and clearly shows that the County is doing well financially. We appreciate his focus on the well-being of the County’s towns, villages and cities.”
For more information, contact Justin Rodriguez, Assistant to the County Executive for Communications and Media Relations at 845.291.3255 or jrodriguez@orangecountygov.com.
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