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Finance director: exempting residential energy sales tax could slice $3 million from county revenue
Summary
Tompkins County’s director of finance presented preliminary analysis showing a full local sales‑tax exemption for residential energy would reduce county revenue by about $3 million and could shift municipal distributions; members asked staff to clarify statutory effects and municipal impacts before any policy decision.
Daryl, the county’s director of finance, told the Budget, Capital and Personnel Committee on April 13 that exempting local sales tax on residential energy is feasible in law but would materially reduce county revenue and affect municipal distributions.
Daryl described the local rate structure used in his analysis and said his…
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