Bill > S07540

This bill extends Putnam County's existing one percent additional sales tax for two more years, from the current expiration date of November 30, 2025, to November 30, 2027. Additionally, the bill introduces a new provision requiring that one-ninth of the net collections from this additional sales tax be allocated to the towns and villages within the county, distributed based on their respective populations as determined by the most recent decennial federal census. Each town and village is guaranteed a minimum annual allocation of $50,000, which must be used exclusively for local infrastructure projects and capital improvements. The purpose of this legislation appears to be providing continued sales tax revenue to the county while ensuring that smaller municipalities within Putnam County receive a direct and guaranteed share of those funds to support local development and infrastructure needs.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S7540