There was a small bit of last-minute good news in 2009 for Nassau County Executive Edward Mangano, who took office on New Year’s Day.
New stats on sales tax revenue for 2009 show it was running 6.3 percent lower than it was in 2008, not too far off the estimated 6 percent drop that is assumed in the 2009 budget left over by outgoing County Executive Thomas Suozzi.
The most recent periodic payment from the state showed an actual increase, but the dollar amount, $39.4 million, was too small to draw any conclusions about, officials said.
However, with sales tax accounting for just under 40 percent of the county’s annual revenue — a one percent swing in the annual figures equals $10 million in revenue — officials keep a close eye on it.
There are still some adjustment checks for 2009 to come early this year, but the 2009 year-to-date total was $878.7 million, down 6.3 percent from the $937.9 million at the same point in 2008, according to figures released Dec. 31st by the office of outgoing County Comptroller Howard Weitzman.
The 2010 budget of $2.6 billion that Mangano inherited from Suozzi anticipates that sales tax revenue will grow by 1.75 percent this year.