WADDINGTON – The village is the latest municipality to oppose an option proposed by St. Lawrence County that would reduce the amount of sales tax revenue towns and villages receive.
The village Board of Trustees formally opposed changes to the sales tax distribution at Mondays meeting.
The county has traditionally kept half the proceeds from its 3 percent sales tax. The city of Ogdensburg receives 6.437389 percent of the remainder and the balance is distributed to towns and villages.
I would hate to see redistribution in sales tax revenue as far as the villages share, said Trustee William E. Dashnaw. As far as I can tell you right now, as a person who works on your budget for the last few years, I can tell you the village of Waddington is not in the position to take a cut in its sales tax revenue.
If the cuts were administered, Waddington would lose about $68,598.
The 2012-2013 Budget is $762,701. After the end of the fiscal year, the village anticipates a fund balance of $75,000 because $126,350 was appropriated this year. The village has yet to calculate the increased percentage of property taxes based on the loss of revenue.
Were hoping we dont have to, said Mrs. Otto-Cassada. The village vocalized their opposition after receiving a letter from Russell Town Supervisor Robert C. Best Jr. on Sept. 28.
The letter, which was sent to all the countys municipalities, urged the village to strongly oppose the proposed redistribution of sales tax monies.
A copy of the signed resolution will be sent St. Lawrence County Administrator Karen M. St. Hilaire, county Legislature Chairwoman Sallie A. Brothers, D-Norfolk, and Legislator Jonathan S. Putney, D-Waddington, Mrs. Otto-Cassada said.
At this point, I am saying our budget is passed it is pretty late for you to come to us and say were going to reduce your sales tax payments, Mr. Dashnaw said. We dont have an opportunity to go back to pass a resolution to override the tax cap, were in the middle of our fiscal year.