Thursday, February 15, 2007

Sales Tax Collections down in Morristown

Will the world come to an end? Will famine and pestilence follow? Probably not. Taxpaying families have downturns all the time. If the city wants some advice on how to handle this downturn, probably be best to pick up the phone and call a few moms, they will be happy to advise.

Link

It strongly appears the sales-tax gravy train that has funded substantial annual increases in the city of Morristown's budget could jump the tracks this year.

If current collection trends continue, the city will collect approximately $550,000 less in sales tax this year than it did last year, Morristown City Administrator Jim Crumley said Tuesday.

"We counted on more money than we're going to get," Crumley said.