Ulster County Comptroller

News

2020 Press Release on 3rd Quarter Financial Report

Kingston, NY (December 22, 2020) – Ulster County Comptroller March Gallagher releases the 2020 Third Quarter Financial Report. “Our third quarter financial analysis showed that Ulster County reduced spending by more than 6% to address COVID revenue shortfalls,” noted Comptroller March Gallagher. “Reductions in Occupancy and Sales Tax demonstrate that economic contraction in the hospitality and retail sectors is costing the families of Ulster County their jobs. Ulster County taxpayers cannot afford any unnecessary spending at this time.

Press Release on Inaugural Popular Annual Financial Report

Kingston, NY (October 20, 2020) – Ulster County Comptroller March Gallagher has released Ulster County’s first ever Popular Annual Financial Report (PAFR). The Government Financial Officers Association notes that a PAFR is a way to communicate selected financial data to a broad audience. The information in the PAFR is drawn from the County’s Consolidated Annual Financial Report which complies with Generally Accepted Accounting Principles but may be hard to understand for those unfamiliar with financial and accounting terms.

Recent Reports

2020 3rd Quarter Report

Comptroller’s third quarter 2020 financial report shows reduced County expenditures mitigate pandemic revenue losses. The County recognized $212.4 million, or 61.9%, of budgeted revenues by the close of the third quarter, the same percentage as 2019, but $8.4 million more with the increased 2020 budget. Sales tax revenue declined $5.8 million from 2019. Occupancy Tax collected was only 46% of total budgeted revenue, a sharp decline from 2019.

2020 Popular Annual Financial Report

“I made a promise to the people of Ulster County to make County finances more transparent. This first ever Popular Annual Financial Report shows how much the cost of housing has escalated over the last five years. A greater cost of living, especially as we approach recovery from the pandemic, underscores the importance of monitoring the financial condition of the County,” said Ulster County Comptroller March Gallagher. “A more informed community will make better decisions," said Legislative Chairman David Donaldson.