Ulster County Follow Up Investment Audit
Ulster County Investment Earnings Not Maximized or Diversified Kingston, NY (December 21, 2023) – County Comptroller March Gallagher released a follow up audit today finding that Ulster County earned an additional $4.21 million as a result of reallocation of investments since the Comptroller’s 2022 Investment Policy Compliance Audit. However, the …
Second Quarter Financial Report
Comptroller’s Second Quarter 2023 Financial Report Presents Uncertainty Given Delayed Financial Accounting Kingston, NY (September 26, 2023) – Ulster County Comptroller March Gallagher released the 2023 Second Quarter Financial Report. Due to the lag in the closure of the 2022 financials and unrecorded transactions for the 2023 year within the …
2023 First Quarter Financial Report
Comptroller’s First Quarter 2023 Financial Report Shows Revenues Down and Expenditures Up from the Prior Year Kingston, NY (June 22, 2023) – Ulster County Comptroller March Gallagher released the 2023 First Quarter Financial Report. The County’s revenue collections decreased by $3 million in the first quarter of 2023 compared to …
2022 Sales Tax Snapshot
Ulster County Experienced Record Breaking 2022 Sales Tax Revenue Kingston, NY (April 10, 2023) – Ulster County Comptroller March Gallagher released the 2022 Sales Tax Report showing record breaking growth in last year’s sales tax revenues. The County’s sales tax collected was $165.4 million, $22.4 million above budget and a …
2022 Third Quarter Financial Report
Comptroller’s Third Quarter 2022 Financial Report Indicates a Likely Significant 2022 Surplus Kingston, NY (January 4, 2022) – Ulster County Comptroller March Gallagher released the 2022 Third Quarter Financial Report. The third quarter of 2022 left the County in a strong financial position with continued economic growth. The County recognized …
Historical Sales Tax Snapshot
County Comptroller Releases Historical Sales Data Showing Average Annual 15-year Growth Rate of 3.55% Kingston, NY (October 12, 2022) – The Ulster County Comptroller has released a snapshot report on Ulster County historic sales tax revenues. The County has had average annual sales tax revenue growth of 3.55% during the …
Comptroller’s Release of the 2022 Ulster County Fund Balance Report
Comptroller Finds Ulster County $54 Million Over Fund Balance Policy Limits,Recommends Funding Reserves, Avoiding Debt and Providing Tax Relief Kingston, NY (July 7, 2022) – Ulster County Comptroller March Gallagher released a report on Ulster County’s Fund Balance. The Comptroller’s analysis shows that the County is currently $54 million over …
County Comptroller’s Review of 701 Grant Avenue
Comptroller Recommends Foreclosure of 701 Grant Avenue to Recoup $10 Million in Taxes, Penalties, Interest and Return the Property to the Tax Roll Kingston, NY (June 27, 2022) – The Ulster County Comptroller, March Gallagher,released a report on delinquent property tax collections for 701 Grant Avenue after it was brought …
Expansion of Real Property Tax Audit
Ulster County Comptroller Expands Real Property Tax Audit to Include Properties of Interest Kingston, NY (April 25, 2022) – Based on risk assessment and after several months of preparation, on March 29, 2022, the Office of the Ulster County Comptroller launched an audit of the real property tax collection process. …
$70 Million cash reallocation resulting from Investment Audit
Comptroller’s Audit Triggers $70 Million Cash Reallocation Expected to Create $68,000 in Additional Revenue for the Remainder of the Year Kingston, NY (April 4, 2022)– An audit of Ulster County’s Investment Policy released last week by Ulster County Comptroller March Gallagher’s office identified the need to analyze alternative investment opportunities …
Completion of the Ulster County Investment Policy Compliance Audit
Ulster County Has Additional Investment Opportunities Comptroller’s Office Audit Shows More Than $650,000 in Missed Potential Revenue Kingston, NY (March 30, 2022) – County Comptroller March Gallagher released an audit today finding that Ulster County could better analyze alternative investment opportunities, maximize investment revenues, and diversify investments. Doing so during …
2021 Sales Tax Report
Ulster County Experiences Record Breaking 2021 Sales Tax Revenue Kingston, NY (February 14, 2022) – Ulster County Comptroller March Gallagher released the 2021 Sales Tax Report showing record breaking growth in last year’s sales tax revenues. The County’s sales tax collected was $154.9 million, $34.3 million above budget and a …