Adding to the town's fiscal woes was a decrease in sales tax revenues. According to Reed, New Hartford's sales tax revenues are down more than $1 million the past two years.Sales tax revenues down $1 million...that is the most absurd thing we've heard in a long time! There hasn't been any decrease in sales tax revenues...the town merely budgeted for $500,000 more every year than they could possibly expect to receive.
Since we all know that the town board hired a $150 an hour CPA to do the budget for 2008 and 2009, one can only surmise that overstating revenues was no mistake. We suspect that they were trying to keep the tax rate down so that everyone would VOTE YES for the bonding of the New Hartford Business Park.
Earle, it might be best to be quiet at this point.