Schenectady, N.Y. — Schenectady County sales tax collections grew by 7.9% in 2011, the second largest growth in the region and fourteenth largest in Upstate New York. Schenectady County collected $88,981,046 in 2011, up from $82,471,367 in 2010 for an increase of $6,509,679.
“The sales tax numbers reflect positively on our efforts to continue to grow the Schenectady County economy,” said Judy Dagostino, Chairwoman of the Schenectady County Legislature. “With the addition of ShopRite in Niskayuna, the new Target store in Glenville opening in 2012, the continued revitalization of downtown and the successful redevelopment of Capitol Plaza in Rotterdam, we are hopeful that we will continue to see increased sales tax activity in 2012.”
The sales tax receipts surpassed the amount budgeted for 2011 by $4,780,046. If the trend continues as expected, receipts will surpass the 2012 budget amount of $88,830,247.