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Monroe County entities pass agreement
on sales tax sharing Monroe County municipalities and school districts have agreed on a new four-year sales tax sharing plan. The "Saint Patrick's Day Agreement" will mean that Monroe County will continue to share an equal dollar amount of its four percent portion of the sales tax with the City of Rochester, while maintaining past levels of sharing with the towns, villages and suburban school districts. This agreement was reached March 17 after a meeting Monroe County Executive Jack Doyle hosted with local town, village, city and school district representatives. Under the Saint Patrick's Day Agreement, the county would retain 31.3 percent of local sales tax revenue and continue to share 31.3 percent with the City of Rochester until 2007. The remaining sales tax revenue will be distributed between the towns (20.7 percent), villages (2.3 percent) and suburban school districts (14.4 percent). The estimated* total sales tax sharing distribution for 2004 (based on the Saint Patrick's Day Agreement; assuming a 1.5 percent rate of growth) would break out as follows: Monroe County - (31.3%) - $117,580,960 *dollar amounts represent an estimate and are not necessarily the amount to be ultimately realized by each sharing partner. |