2013-2014 budget - City of Syracuse

NON-PROPERTY TAXES
$90,000,000
21
01.1110 SALES TAX: The sales tax
rate in Onondaga County is 8%. New
York State receives 45 of these revenues,
while Onondaga County currently shares
the remaining 4% local tax with the City of
Syracuse, and the suburban Towns,
Villages and School Districts pursuant to
a 2000 City/County agreement. In May
2010, a new agreement has been
adopted that will govern the distributions
for 2011 through 2020. Over the course
of the decade, the Town, Village and
School District shares will be significantly
reduced. For the transition year of
calendar 2011 only, the City will receive a
reduced share of approximately 19.5% of
the total. From 2012 onward, the City’s
share will ratchet up and then stabilize at
approximately 24.47% of the total in year
2016.
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$0
2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13
projected
Sales Tax
2013/14
budgeted
01.1130 UTILITIES GROSS RECEIPTS
TAX: Syracuse imposes a 1% tax on the
gross income of utility company
transactions in the City. Two of the utility
companies affected by this tax are the
National Grid Power Corporation and
Verizon.
$3,000,000
$2,500,000
$2,000,000
01.1170 C.A.T.V. FRANCHISE TAX:
Time Warner Cable Inc. is assessed a 5%
tax on gross receipts, payable in quarterly
installments. The State assesses a fee
based on the amount it needs to run the
State Cable Commission, typically about
.8%. The City receives the remainder for
its purposes.
$1,500,000
$1,000,000
01.1171 RIGHT OF WAY FRANCHISE
TAX: This tax represents Fibertech
Networks’ fee for using our conduits for
their cable. These fees are billed by linear
foot of conduit used.
$500,000
$0
2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13
projected
Utilities Gross Receipts Tax
2013/14
budgeted