Written by George Maragos Thursday, 03 April 2014 00:00
Sales tax revenue is the County’s biggest source of income, accounting for over 40 percent of total annual revenues. Therefore, it is gratifying that the final sales tax figures for 2013 show an increase of 6.3 percent to $1.13 billion over the prior year. This was on top of another healthy increase of 4.2 percent in 2012.
Yet, some worrisome signs appeared towards the end of 2013. The sales tax revenue during the holiday shopping season declined 12.4 percent compared to a year before. One reason for the drop in sales tax receipts towards year-end may have been a shift in consumer shopping habits from brick-and-mortar stores to online, which reduced the amount of sales tax revenue. Another factor for the drop-off in holiday sales tax receipts may also be due in part to flat income growth for consumers; income grew only .25 percent in November and not at all in December.
At first glance, a mix of flat income growth and shift to online commerce looked troubling. However, a recent federal court decision requiring online vendors collect and submit sales tax has boosted revenues, up about 9.7 percent in January-February, based on sales that were not taxed before 2014. This trend is anticipated to provide higher sales tax revenues in 2014 than the two-percent growth projected in the budget.
The bad news is that the accelerating shift to online sales will mean potentially lower sales for brick-and-mortar stores and less local retail jobs. Additionally, the absence of income growth will further dampen sales and jobs.
Saturday, 18 October 2014 00:00
Bring your four-legged friends—in costume if they’d like—to roam Old Westbury Gardens during ‘Dog Days.’ Twice a year canines are welcome to accompany their (leashed) humans around the grounds of the mansion, and this is Fido’s last shot until spring. On Sunday, enjoy exhibits from rescue groups and animal welfare organizations from 1 to 4 p.m. A dog costume contest and parade takes place at 3 p.m. All activities included with admission: $8, $5 for seniors and $3 for children ages 7 to 17. At 71 Old Westbury Rd., Westbury, Saturday, Oct. 25 and Sunday, Oct. 26 from 10 a.m. to 5 p.m. Tel: 516-333-0048.
Friday, 17 October 2014 08:43
Mentorship is one of those goals rotary clubs strive for, particularly when it comes to grooming future community business leaders. Nowhere was this more important than when the most recent Farmingdale Breakfast Rotary meeting’s guests were Stanley Pelech, director of Integrated Academic and Technical studies and Jodi Haniquet, advisor of the Farmingdale High School (FHS) Interact club. Interact is Rotary International’s service club for young people. The Farmingdale Breakfast Rotary is the sponsor of the 75-plus student strong high school club. Advisor Jodi Haniquet reported to Rotary club members what fundraising events the Interact Club will participate in for the 2015 school year. The service group will once again team with FHS student government in a food drive – donations collected for Island Harvest pantries. They will also participate in Ronald McDonald house dinner program – cooking and serving meals on the premises in New Hyde Park for the many families staying at the residence while their seriously ill children receive treatment at nearby hospitals.
Friday, 17 October 2014 09:04
The Farmingdale State College Women’s Volleyball team earned a three-set victory of York in a non-conference match on Oct. 8.
Tied 4-4 in the opening set, Farmingdale State freshman defensive specialist Gina Giacalone served for 14 consecutive points to extend the advantage 18-4. The Rams cruised to a 25-8 victory in the first set.
Thursday, 09 October 2014 00:00
Farmingdale team wins annual Bethpage Ocean to Sound Race
On Sunday, Sept. 28, the Farmingdale-based Runner’s Edge team earned first place overall in the 29th annual Bethpage Ocean to Sound Relay. The team, representing the Runner’s Edge running and multisport specialty store located at 242 Main St. in Farmingdale, consisted of Boyd Carrington, Andrew Coelho, Nick Pampena, Tim Lee, Shawn Anderson, Ryan Healy, Kevin Galante, and Brandon Abasolo. It completed the 50-mile course from Jones Beach State Park to Theodore Roosevelt Memorial Park in Oyster Bay in 4 hours, 41 minutes, 58 seconds. The runners won by a margin of more than 10 minutes over the runner-up team from the Sayville & Smithtown Running Company, with much of the difference supplied by the strong Leg 2 performance by Andrew Coelho. Runner’s Edge Teams also took second place honors in the Mixed Open and Men’s Masters Divisions of the Relay. The Relay was sponsored by Bethpage Federal Credit Union (“Built to Give You More”), with new Race Directors Glen Wolther and Keith Montgomery managing the event for the host Greater Long Island Running Club.