April 12, 2013

Maragos: Sales Tax Up over 11%
As the 2013 Economic Recovery on Long Island Continues

Mineola, NY- Nassau County Comptroller George Maragos released the latest sales tax revenue figures for 2013 and shows a gain of an impressive increase of 11.2% over the similar period last year. This rate is significantly higher than the 4.3% budget forecast and reflects the strong economic recovery after Superstorm Sandy. To date the County received $238 million versus last year’s checks of $214 million for the same period.

"The purchasing boom in Nassau County can be directly attributed to our quick response to assist residents after Superstorm Sandy," Comptroller Maragos said. "Getting residents back into their homes, making sure our roads were safe and passable immediately after Sandy is paying off in the first quarter of 2013 in the form of increased economic activity. The County will continue to provide assistance to those in need and will continue to make sure every dollar our government spends is well spent."

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