SYRACUSE, N.Y. — Onondaga County and the City of Syracuse have reached an agreement to extend a sales-tax sharing pact that was first reached in 2010.
Onondaga County Executive J. Ryan McMahon II and Syracuse Mayor Ben Walsh on Thursday said the extension covers a 10-year period through 2030, per a joint news release.
The agreement keeps in place a sales-tax sharing formula that gives more than 74 percent of sales taxes to the county, more than 24 percent to the city, and less than one percent to school districts, a spokesman for McMahon confirmed to BJNN.
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“As I have said since my time on the Syracuse Common Council, we cannot have a healthy county without a healthy city. Syracuse is on the rise and home to thousands of jobs that people from outside Syracuse drive to every day. That is why my office has renewed its commitment to partner with Mayor Walsh to address poverty, infrastructure and economic development in a coherent and cohesive way and this agreement does just that.” McMahon said in the news release. “Extending this historic sales tax agreement is simply the right thing to do for our county as a whole.”
Extending the sales tax agreement “helps ensure” that Syracuse has the resources it needs to continue making the progress and investments our residents “deserve and expect,” Walsh said in the release.
The Onondaga County Legislature’s Ways & Means Committee will consider the agreement this Friday with a vote of the full legislature “shortly after.” The Syracuse Common Council will also need to consider and vote on the agreement before it can take effect, per the release.
Contact Reinhardt at ereinhardt@cnybj.com
