ALBANY — Officials from various counties in New York are urging the New York State Office of Cannabis Management to improve the information provided regarding the distribution of cannabis sales tax revenue to local municipalities. During the recent county finance school held in Warren County, county treasurers, comptrollers, and budget officers expressed their dissatisfaction with the current tax distribution framework.
These local finance officials reported that the existing process creates confusion by placing counties in the middle of the relationship between the state and municipalities that host cannabis retailers. They argue that without adequate guidance from the state, counties struggle to effectively allocate tax revenues generated from cannabis sales.
At the finance school, several officials highlighted the lack of clarity and timely updates from the state, which hampers the counties’ ability to manage funds properly. The officials emphasized the importance of a streamlined communication process to ensure that municipalities receive their fair share of the cannabis tax revenue without unnecessary delays.
The counties are advocating for a more transparent and structured approach that would simplify the distribution of these funds, helping them to support local services and initiatives. As the cannabis market continues to grow in New York, resolving these issues becomes increasingly important for local governments looking to benefit from the new revenue streams.
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