Ulster County Comptroller

News

Press Release on 2020 Sales Tax Report

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.

Recent Reports

2020 Sales Tax Report

Ulster County Comptroller today released a report on 2020 sales tax revenues. Ulster County received $127,282,741 in 2020 sales tax revenue which came within 1% ($1.28 million) of the $128,561,423 budgeted exceeding 2019 collections. Although the beginning of the pandemic impacted taxable sales in the March and April period, returns largely rebounded in the later months of 2020.

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.