By ANDY GARDNER MASSENA -- The village treasurer doesn’t foresee a large uptick in their state retirement payment along the lines of the $1.9 million Massena Memorial Hospital has to pay. …
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By ANDY GARDNER
MASSENA -- The village treasurer doesn’t foresee a large uptick in their state retirement payment along the lines of the $1.9 million Massena Memorial Hospital has to pay. Meanwhile, their sales tax receipts are below last year’s.
On Monday, the MMH board learned they are being charged the additional amount because the program’s investments in the stock market aren’t doing as well as planned.
Massena Treasurer Julie Sharlow said their payment for December was close to projections. She also said their employee retirement payments have been low and their police and fire retirement payments are “below $10,000,” but she doesn’t recall the exact amount.
“I don’t foresee anything happening to us,” she said.
For sales tax receipts, the village received this month is $415,000, down $24,100 from the same period last year, Sharlow’s report says. Their total for the year is $873,600, 53 percent of the $1,644,500 budgeted amount. She projects through the final two quarters of the fiscal year, they will receive $1,668,100 which is 1.76 percent less than last year’s actual total, but 2.7 percent over the 2016-17 budgeted total, according to the treasurer’s report.