Hudson losing revenue to emergency orders
Apr 09, 2020 1:15 pm
Abby Hoover is reporting for Columbia-Greene Media stay-at-home orders have been in place for nearly three weeks and the city of Hudson is starting to feel the pinch. City Treasurer Heather Campbell said approximately 20 percent of the city's revenue, including parking, lodging tax, mortgage tax, building permits and use of fund balance are all expected to be affected by the ongoing COVID-19 emergency. The city's March 18 state of emergency temporarily suspended alternate side parking as well as the use of parking meters citywide, with the exception of the South Front Street lot across from the Amtrak Station. In February, parking meter revenues fell by 43 percent, from $10,500 in 2019 to $6,000 in 2020. Parking meter revenue fell to $6,500 for the month, a 48 percent decline. Parking ticket revenue continued to decline in March to $19,000, a 33 percent loss. If the stay-at-home order remains in effect through April and May, the city will take a bigger hit. Short-term rentals are standing empty, which impacts the lodging tax. While some building permits are being issued, on-site crews are smaller and nonessential construction is on hold. Campbell said property taxes, sales tax and state revenue sharing will likely be negatively impacted by the emergency, as well. Read the full story at HudsonValley360 [dot] com.