Latimer calls for 1 percent sales tax increasePosted: Updated:
Officials in Westchester are asking Albany for its support for property tax relief.
The proposal is called the "Westchester County Property Taxpayers Protection Act."
County Executive George Latimer joined town officials yesterday to make the case for tax relief through sales tax parity.
Their plan includes calling for an additional one percent in sales tax with revenues shared by the county, local municipalities and school districts. “The problem that we face [is] structural and it's very important to understand that that structural problem did not happen in a day, it did not happen in one budget and it's not going to be resolved in anyone budget. If we do not get additional study forms of revenue outside of property tax revenue this county government will go under in due time so will the municipal governments,” says Latimer.
Latimer says the one percent in sales tax would bring in about $140 million per year in new revenue.