Essex County will soon share some of its sales tax revenues with villages in the county.
The villages of Port Henry, Keeseville, Lake Placid and Saranac Lake will get
one-quarter percent of its 3.75-percent sales tax the county collects, starting in 2010. The county will make the payments in installments during the year. County Treasurer Michael Diskin said the county has predicted sales-tax receipts of $22.8 million next year, when the sharing starts. He said the state remits the sales-tax money to the county in regular payments, and the county will use a formula to distribute the one-quarter percent to towns.
The villages of Port Henry, Keeseville, Lake Placid and Saranac Lake will get
one-quarter percent of its 3.75-percent sales tax the county collects, starting in 2010. The county will make the payments in installments during the year. County Treasurer Michael Diskin said the county has predicted sales-tax receipts of $22.8 million next year, when the sharing starts. He said the state remits the sales-tax money to the county in regular payments, and the county will use a formula to distribute the one-quarter percent to towns.
