518-377-9430
info@downtownschenectady.org
Facebook
Twitter
LinkedIn
Instagram
http://downtownschenectady.org
  • Home
  • Visit
    • Downtown Schenectady Attractions
    • Schenectady Parking
    • Transportation
    • Directions
    • Discover Schenectady
    • Downtown Schenectady This Week
  • Explore
    • Dining + Nightlife
    • Arts + Entertainment
    • Education + Museums
    • Health + Fitness
    • Shop Schenectady
    • Services
    • Schenectady Transportation
    • Lodging
    • Houses of Worship
  • News
  • About
    • What We Do
    • Our Staff
    • Our Board of Directors
    • Job Opportunities
    • Publications
    • Stakeholders
  • Support DSIC
  • Contact DSIC

Schenectady County to Distribute $3.6 million in 2015 Sales Tax Revenue through the Schenectady County Metroplex Development Authority Enabling Legislation

March 14, 2016Jim Salengo

(Schenectady County, NY)  Towns and Villages in Schenectady County will receive $3.6 million in 2016 from the distribution of sales tax authorized in the Schenectady County Metroplex Development Authority enabling legislation.

“We are pleased that our local municipal partners are realizing increased revenue as a result of our efforts to continue to grow the Schenectady County economy,” said Anthony Jasenski, Chair of the Schenectady County Legislature.  “This direct financial support is the largest amount distributed since 1999 and will provide important tax relief to our taxpayers.”

One half of one percent of the County sales tax is set aside for economic development purposes. Thirty percent of this amount is provided directly to the Towns and Villages in the County. The remaining seventy percent is provided to the County’s Metroplex Development Authority and is used to help finance economic development projects that attract new investment and new jobs to the County which in turn generate additional sales and property tax.

The results from 2015 with total funding received since 1999 follows:

Delanson         $15,503 in 2015,                     total $231,548

Duanesburg     $233,630 in 2015,                   total $3,355,898

Glenville         $885,126 in 2015,                   total $12,737,500

Niskayuna       $886,568 in 2015,                   total $12,610,968

Princetown      $86,169 in 2015,                     total $1,294,226

Rotterdam       $1,184,013 in 2015,                total $17,463.271

Scotia             $314,391 in 2015,                   total $4,777,788

Local governments in Schenectady County have received a total of nearly $52.5 million in sales tax dollars since 1999 when the Metroplex legislation was enacted.

-30-

Contact: Joe McQueen
518-388-4772

Archives

  • August 2024
  • July 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • May 2015

Recent News

  • New Beginning for Former St. Clare’s Hospital Campus in Schenectady Ellis Medicine Board Approves Sale to Development Team August 14, 2024
  • Electric City Community Grocery Signs Letter of Intent at 251-267 State Street August 7, 2024
  • Spectacular Autumn Glow Lantern Festival Coming to Historic Mabee Farm in Rotterdam Junction in the Fall August 5, 2024
  • New Immersive Show Coming to miSci Planetarium July 31, 2024
  • Capital Region Land Bank Schedules 27 Demolitions for Schenectady July 24, 2024
© 2015 Downtown Schenectady Improvement Corporation Site Design by D2 Media Consultants, Inc.