Holiday Shopping: Sales Tax Revenue Boost?

11:39 PM, Nov 20, 2012   |    comments
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BUFFALO, N.Y. - Hopes are high that cross-border bargain shoppers will make this a very cheery holiday season for Erie County's coffers.

Our neighbors to the north will be flooding Western New York stores for the Black Friday rush and this year Canadians can take even more back home with them.

New expanded duty-free limits went into effect over the summer.  Under the new rules, Canadians can now take back $200 worth of merchandise from the United States if they stay more than 24 hours.

The old rules limited merchandise to $50.

If they stay between two and seven days, the limit is twice as much at $800 worth of stuff.

Erie County Executive Mark Poloncarz said Tuesday night, "Right now we are on budget for 2012. That's assuming we have a good positive final 40 days or so of the year. So as long as we meet our requirements for the 40 days we'll be fine. If we get any more than that certainly that's helpful and will increase any surplus we might have."

Erie County won't know how much tax revenue came in from holiday shopping until fourth quarter figures come out in Febuary.

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