Watch Live: Mahoney gives State of Onondaga County address tonight
Mon, 03 Mar 2014 22:46:24 GMT —
Onondaga County Executive Joanie Mahoney says the county is in a strong fiscal position, seeing a spike in sales tax revenue over the last year.
Mahoney will highlight her vision for the year ahead in her State of the County address Tuesday night. The speech will be held in Carnegie Library on Montgomery Street in Syracuse at 5:30 p.m. You can watch it live here on CNYcentral.com, or on CNY Central's digital TV channel 3.3.
Mahoney will announce that the county wrapped up 2013 with a $12.2 million surplus. She says Onondaga County has as a very strong credit rating and a higher bond rating than any other county in the state.
Mahoney says more people are staying overnight in the county with the Room Occupancy Tax (hotel tax) up more than five percent in the last year. Sales tax revenues, which make up nearly two-thirds of the county budget, are $14 million higher than last year. Mahoney will highlight recent economic development successes.
Mahoney says the property tax rate is the lowest it's ever been.
The County Executive will continue her focus on consolidation with a partnership called ConsensUS moving forward thanks to a $250,000 consolidation grant from Senator John DeFrancisco.