Erie County Government - Official website of the Erie County, NY Government
Note: Although this web site is fully accessible to all browsers and internet devices, it has been designed to utilize current web standards, and therefore appears quite differently in browsers that do not support current web standards.
For more information on web standards and how to upgrade your browser please visit the Browser Upgrade Campaign at http://www.webstandards.org/upgrade/.
Erie County Comptroller's Office
Note: Although this web site is fully accessible to all browsers and internet devices, it has been designed to utilize current web standards, and therefore appears quite differently in browsers that do not support current web standards.
For more information on web standards and how to upgrade your browser please visit the Browser Upgrade Campaign at http://www.webstandards.org/upgrade/.
- Financial Statements
- County Audits and Reviews
- Press Releases
- Certificate of Residence
- Erie County Hotel Occupancy Tax Instructions
- Sales and Use Tax Distribution
- Report Abuse of Erie County Resources
- Request for Proposals
- Contact Us
- Home
Latest News
- 07/13/10: Erie County Sales Tax Drops In 2010
- 06/29/10: Comptroller Issues Warning on Cash Flow due to State Budget Impasse
- 06/18/10: Comptroller Comments on Collins Agreement with Department of Justice on Jail Suicide Issues
- 06/16/10: Comptroller Issues Report on Costs of Fire Protection in Erie County
- 06/11/10: Erie County Sales Tax Revenues Significantly Higher In April 2010
Press Releases
Mark C. Poloncarz, Comptroller
06/15/09
SIGNIFICANT DECLINE IN MORTGAGE TAX RECEIPTS COULD NEGATIVELY IMPACT LOCAL GOVERNMENTS
Comptroller Poloncarz Notes Almost All Cities, Towns and Villages Will Receive Less Revenue Due to Recession
As proof that Erie County is experiencing the same effects of the global and national recession, Erie County Comptroller Mark Poloncarz reported to local cities, towns and villages that a semi-annual County mortgage tax revenue distribution being made to them today is $1.65 million less than the same period in 2008. The total revenue distribution is 22.15% lower than the same period in 2008.
Each year the County makes two distributions of mortgage tax to the three cities, 25 towns, and 16 villages in Erie County. For the June 2008 transfer covering properties sold in October 2007-March 2008, the County distributed $7.478 million in mortgage taxes. For the October 2008-March 2009 period, the County distributed $5.822 million or $1.656 million less.
Poloncarz said, "The reduction in the mortgage tax distribution reflects the weakened state of the economy and fewer or less expensive property transfers occurring in Erie County." He added, "These lower receipts negatively impact nearly every city, town and village and may further exacerbate existing budget shortfalls in local governments."
The June 2009 mortgage tax transfer has the following noteworthy reductions:
| Municipality | June 2008 Distribution | June 2009 Distribution | Reduction | Percentage Reduction |
|---|---|---|---|---|
| Buffalo | $1,053,831 | $709,393 | $344,438 | 32.68% |
| Cheektowaga | $717,302 | $380,472 | $336,830 | 46.96% |
| Lancaster (Town) | $659,231 | $339,395 | $319,836 | 48.52% |
| Orchard Park (Town) | $427,542 | $280,230 | $147,312 | 34.46% |
| Clarence | $523,811 | $444,531 | $79,280 | 15.14% |
| Amherst | $1,179,999 | $1,104,207 | $75,792 | 6.42% |
The only municipalities to receive an increase in mortgage tax revenues during this reporting period are Boston, Collins, Eden, Elma, Grand Island, Newstead, Akron and Gowanda.
Your information resource from the government of Erie County, New York
