WATERTOWN — The outlook for sales tax revenue in Jefferson County is bleak, according to the head of the county’s finance committee.
Scott A. Gray, R-Watertown, chairman of the Board of Legislators Finance and Rules Committee, told colleagues in an email Friday that a budget shortfall of $800,000 to approximately $1.2 million was expected by the end of the year due to sales tax returns that continue to fall below projections.
The revenue likely will fall $100,000 to $450,000 short of the amount collected last year, Mr. Gray said.
A turnaround of approximately 6 percent gains in the next two quarters will be needed just to make budget, said Mr. Gray, who forecast difficulty in staying under the state’s mandated tax cap.
“This coupled with initiatives that require bonding for projects and additional staffing required at the correctional facility will impede our ability to meet our imposed tax cap,” Mr. Gray said.