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January 4, 2010     

                                                    

Comptroller Maragos says sales tax up 9.4% over last years December check; Still down 6.3% overall

Nassau County Comptroller George Maragos said today that the County’s latest sales tax reconciliation check, in the amount of $39.4 million shows that Nassau’s sales tax drop may be leveling off. With this latest sales tax check the County is down 6.3% from last year but up 9.4% compared to December of 2008.

 “It looks like the end to the sales tax decline may have arrived but we must continue to closely monitor this much needed turn around,” said Comptroller Maragos.

The County total sales tax receipts for the year are $878.7 million, $59.2 million less than last year at this time.

 

Sales Tax Analysis
$ Millions
Check Comparison Check Comparison, excluding Energy Tax
for Sales from December (partial) for Sales from December (partial)
this check  $               39.4 this check  $     36.3
last years check                   36.0 last years check        36.0
decrease                     3.4 decrease          0.3
% increase 9.4% % increase 0.8%
Monthly Comparison Monthly Comparison
YTD 2009  $              143.6 YTD 2009  $   139.3
YTD 2008                 142.8 YTD 2008       142.8
decrease                     0.8 decrease         (3.5)
% increase 0.6% % decrease -2.5%
Year to Date Comparison Year to Date Comparison
YTD 2009  $              878.7 YTD 2009  $   860.3
YTD 2008                 937.9 YTD 2008       937.9
decrease                  (59.2) decrease       (77.6)
% decrease -6.3% % decrease -8.3%