County sales tax receipts continue upward trend
Here's a news release from the Genesee County Treasurer's Office.
Genesee County Treasurer Scott D. German announced today that sales tax receipts to the county are up for the fourth straight quarter.
"Today's payment was the last to be received for the first quarter of 2011 and we are up 8.19 percent compared to the first quarter of 2010, or $639,588," German said.
For the first quarter, the county received $7.62 million. Of this, the county retains 50 percent, 16 percent goes to the city and 34 percent goes to the towns and villages. For 2011, the county budgeted $12.2 million of its 3 percent share of sales tax. The other 1 percent share is used to pay debt service and capital projects.
"During these very tough economic times, people seem to be spending money, even though, I'm sure some of the increase is due to the higher prices at the fuel pump," German said.
