Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance topic
No spam. Unsubscribe anytime.
Allegany County treasurer: sales tax down for second month but year-to-date receipts up about $25,000
Summary
County Treasurer Jenna Kelly told the Ways and Means Committee that sales-tax receipts were down for the month for a second consecutive month, but year-to-date collections remained about $25,000 (roughly 0.4%) in the black; reconciliations typically occur in June and March payments reflect January reporting.
County Treasurer Jenna Kelly told the Ways and Means Committee on March 19 that sales-tax receipts fell for the second month in a row but remain positive year to date.
"For the second month in a row, we are down for the month, but overall, we are still in the black about 25,000, which is about 0.4%," Kelly said, noting the figure as a year-to-date position. She added that the March payment reflects the January reporting period and that reconciliations typically occur in June.
Moderator said members had follow-up questions about timing of reconciliations; Kelly confirmed that the months reported on the March payment correspond to January and that she believes June is a reconciliation month.
The treasurer's statement was presented as an informational update; the committee did not take further action on the item during the meeting.
