Good fiscal news doesn’t come along often these days, but here’s a nugget about Nassau County:
Revenue from the sales tax is not as bad as it could be.
That might be grabbing for a silver lining, but the latest periodic sales tax check from the state on Tuesday was for $26.6 million, an increase of 5.6 percent from the $21 million check that came in at this last year.
For the 2009 year, sales tax revenue is $905.3 million — down 5.6 percent from the $958.9 million at the same point the year before. (That includes $19 million in revenue from the sales tax on home energy use — a tax that vanishes at the end of June after its repeal by the county legislature. CE Edward Mangano signed the repeal. Without the home energy component, sales tax revenue would have been down 7.5 percent.)
The budget Mangano inherited from Thomas Suozzi presumes that sales tax will decline by 6 percent in 2009 when all the revenue for the year finally comes through the pipeline from the state.