Ulster’s new sales tax deal means extra money for municipalities
KINGSTON — Ulster County Executive Pat Ryan announced a sales tax deal was approved on Tuesday.
Under the agreement between the county and the city of Kingston, cities will receive four percent of sales taxes collected in 2021 – a one-time disbursement of an additional one percent or $1.5 million.
“This is unprecedented in Ulster County, to share additional revenue with our towns, and truly reflects our values - that when government entities work together, it best serves our residents,” Ryan said. “Ulster County Town Supervisors have expressed their desire for a greater share of revenue, and we have heard you.”
“This agreement keeps the city’s current share of sales tax revenue intact, while providing cities with additional funding to help meet each city’s unique financial needs,” said Mayor Steve Noble. “The City of Kingston uses sales tax revenue to support our work to rebuild our infrastructure, address the housing crisis, and improve essential services provided to city and county residents every day. »
“I am delighted that we have been able to reach an agreement to provide an increased share of county sales tax to our municipalities,” said Ulster County Chairperson Tracey Bartels. “We are looking to our local government partners to use the increase in a way that most meaningfully benefits our common constituents.”
“Ulster County City Supervisors and Mayors are delighted that the contributions of local government are being recognized with this groundbreaking agreement for Ulster County residents,” said Rochester City Supervisor Mike baden. “Municipalities look forward to future collaborations with the County Executive and Legislative Assembly on behalf of our common constituents.”
In 2021, Ulster County exceeded the 2020 budget amount and began discussions about sharing additional revenue with cities. The agreement is subject to the approval of City of Kingston City Council.
The county-city sales tax agreement shares three percent of sales taxes with the cities for the period of March 1, 2021 through February 28, 2026.