SYRACUSE, N.Y. (WSYR-TV) — More than a third of the city government’s revenue comes from sales tax. To rely on that amid an unstable economy, the city auditor said, is too much of a risk.
In a report his office released Wednesday, city auditor Alexander Marion argued that city leaders should make use of property taxes and state aid as more dependable sources of money than sales taxes.
According to Mayor Sharon Owens’ proposed budget, which her office published on April 8, the city’s estimated sales tax revenue for the current fiscal year, from July 2025 to June 2026, is at $122,975,761. Owens’ office accounts for next year’s sales tax revenue to increase by 2.4%, which comes out to an increase of $3,010,580…