Mychajliw: County Lives and Dies by Canadian Shoppers
Buffalo, NY (WBEN) With the holiday season just about here, Erie County Comptroller Stefan Mychajliw is nervous over sales tax revenue, in particular, how much revenue from those crossing the border from Canada, like the Peace Bridge.
"We live and die by the number of Canadian shoppers who come to Erie County and spend their money," says Mychajliw. "Sales tax is our largest source of revenue so rely on our Canadian friends to shop." Mychajliw says the state does not give a specific breakout on Canadian shoppers crossing the border, but he admits the county relies on sales tax revenue generated by our friends from the north. "A very unofficial count of Canadian license plates at malls are what we do, and we hope for a lot."
Mychajliw says it's "incredibly risky" to rely on sales tax revenue as the top revenue for the county. "We just won't know until we get the numbers from New York State, but we hope we have a strong Christmas season, especially from our Canadian friends because that means we will not have a hole in the county budget," says Mychajliw.
He warns if sales tax revenue continues to dip as it has in recent months compared to last year, there could indeed be a hole in the county budget.