Sales tax revenue up in Fulton County
JOHNSTOWN – Fulton County’s overall sales tax revenue increased by more than $120,000 in the second quarter compared to the same period last year.
Gloversville received a $97,632 sales tax revenue boost. Gloversville Mayor Dayton King on Tuesday couldn’t pinpoint the exact reason for the increase over the second quarter of 2012.
One reason may be revenue from sales of materials related to the construction of a new Walmart store in Gloversville, said city Finance Commissioner Bruce Van Genderen.
“I think it’s fantastic,” King said of the revenue increase. “I think it’s hard to gauge a local economy. I like to say people are having a little more confidence. People are buying more.”
King said he hopes the sales tax trend continues after the Walmart Supercenter on South Kingsboro Avenue opens Aug. 14.
The county report noted Gloversville’s sales tax increased from $631,528 in the second quarter of 2012 to $729,161 for the recently concluded quarter.
The city of Johnstown saw a $19,426 increase in second- quarter sales tax from a year ago. That municipality’s revenue went from $845,596 to $865,023.
Overall, Fulton County’s sales tax increased by $124,258 for the second quarter – from about $4.64 million a year ago to $4.76 million this year.
The overall increase is an improvement over the county’s first-quarter sales tax, which dropped by about $37,000 from a year ago.
The portion of sales tax the county claims for itself increased by $120,658 for the second quarter. It went from $3.06 million a year ago to $3.18 million for the second quarter.
Among the county’s towns and villages, sales tax increased by $3,599. About $1.58 million was received by those municipalities for the second quarter.
Michael Anich covers Johnstown and Fulton County news. He can be reached at email@example.com.