Governor David Paterson today signed legislation that will allow Jefferson County to continue to collect sales tax at the rate of 3.75%. The rate was established in 2004 and it was scheduled to expire this November.
Assemblywoman Addie J. Russell (D-Theresa) sponsored the measure in the Assembly. “The enactment of this legislation will avoid a huge potential budget shortfall for Jefferson County. If this measure had not been enacted into law there would be a loss of approximately $10 Million in revenue. As a former member of the Jefferson County Board of Legislators I recognize the critical importance of this revenue stream in keeping our local property taxes stable,” she said.