The holiday splurge made up for the soft first quarter in which White Plains collected $10 Million in sales taxes (down from $10,367,332 in 2005-2006).  With the First Half of “Fiscal Bowl” 2006-2007 completed, the  sales tax collected is $21,977,063 ($22M).  White Plains had an incredible December, raking in over $5 Million in sales tax in the holiday sales month.

The city 2006-2007 budget plans on collecting $42.5 Million in sales tax this fiscal year, and with $22M in the til, they are on target to collect $42 Million in sales tax if they match last year’s second half (when Wal-Mart was not part of the retail mix).

 In the Jan-Feb-Mar 3^rd Quarter of Fiscal 2005-2006, the city collected $11.4M.  In the 4^th quarter, they collected $9M, for a total of $20.4 Million in the second half without Wal-Mart in the retail mix. It is likely the city can expect more than the $42 Million with Wal-Mart sales contributing.

Should the $42 Million- plus  materialize, since  the new development that came on stream in 2003-04 with the opening of City Center, sales tax will have increased about $9 Million with the official beginning of “The White Plains Renaissance” in 2003-2004. Sales taxes hit a low of $34,413,440 in 2002-2003.

2006-2007 FISCAL BOWL

The City  Sales Taxes at Halftime:

2006-2007         Swing             2005-2006

1^st Quarter

July $3,255,057                        $3,111,675

Aug  $3,092,183                       $2,950,442

Sep   $3,690,460                       $4,305,215

       $10,037,700                (-3%)             $10,367,332    

2^nd  Quarter

Oct    $3,547,030                         $3,337,487

Nov    $3,355,523                        $3,391,158

Dec     $5,036,810                        $4,088,064

          $11,939,363     + 10.4%     $10,816,709

TOTAL $21,977,063   +3.7%       $21,184,041

3^rd  Quarter  To Come              $11,327,539

4^th Quarter    To Come                    $9,374,687

TOTAL                                           $41,886,267