JAMESTOWN, NY (WNY News Now) – The second quarter of Jamestown’s finances are in, and the results do not look promising.
According to the financial report brought forward by City Comptroller John Sellstrom, sales taxes are down for the second quarter compared to 2021.
Although compared to previous years, city revenue is still ahead of budget, however the second quarter’s report brings up some concerns for lawmakers, believing that the third quarter will truly confirm or deny their concerns.
“For the entire year we collected 47.6 percent of our budget so far for half a year,“ explained Sellstrom. “Compared to last year where we collected 56.8 percent. We did however increase the amount that we were projected to receive, so that does skew it slightly.”
This is the first time in several reports that sales taxes are going down.