Assemblywoman Sandy Galef announced that her bill, A10205/S08996, sponsored in the State Senate by James Skoufis, was signed by the Governor today. The new legislation permits the Village of Cold Spring, in Putnam County, to impose a hotel and motel tax of up to five percent. The act will take effect immediately and expire after three years.
In accordance with the Municipal Home Rule Law, a village may adopt local laws that relate to the levy and administration of local laws if authorized by the State Legislature. The Village of Cold Spring has requested this special legislation which now enables them to collect a hotel and motel tax to raise additional revenue for the village.
Cold Spring is a major tourist destination in the Hudson Valley and draws thousands of visitors each year. The Village is accessible from major highways and the Hudson Line of the Metro-North Railroad, bringing tourists from New York City and beyond to take advantage of a variety of outdoor activities such as boating, hiking, cycling, and kayaking. While the Village readily welcomes the tourists, it cannot adequately accommodate them without this new law to help raise additional revenues for needed Village services.
“I was happy to work with Senator Skoufis when the Village of Cold Spring requested this legislation. The Village is the one of our region’s busiest tourist hubs and should be able to raise the funds to accommodate and profit from this boon to business. I am glad that this new legislation recognizes just how important tourism is to Cold Spring and how important Cold Spring is to the economy of our region as a whole,” said Assemblywoman Sandy Galef.
"It goes without saying that the Hudson Valley is one of the most exquisite and culturally rich areas in the nation. The countless hikers and tourists who flock to scenic Cold Spring bring so much wealth with them and support our local businesses, but they can also place a strain on local municipal services. By allowing the village to reasonably tax its overnight guests, Cold Spring can continue to serve as a desirable tourist hotspot without placing further pressure on local taxpayers. I thank Assemblywoman Galef for her partnership on this important measure," commented Senator James Skoufis.
“The Village of Cold Spring is a visitor destination for people from across New York and across the globe. Because Putnam County does not share sales tax with the Village, our taxpayers have carried the financial burden of tourism alone. This local occupancy tax will allow the Village to bring in revenue directly from visitors, easing tourism's financial burden on our residents. The Village Board is grateful to Senator James Skoufis and Assemblymember Sandy Galef for sponsoring the enabling legislation, and to Governor Kathy Hochul for signing it into law. New York works best when we work together at every level of government,” said Kathleen E. Foley, Mayor of the Village of Cold Spring.