Kings County no longer providing pennies. What are other counties doing?
Kings County will no longer provide pennies effective
The Kings County Tax Collector,
The news comes after the
Boyett said the county’s local bank is no longer supplying pennies to the county.
Current property tax bills will require an exact change for cash payment, according to Boyett. However, online, telephone, check, debit/credit card, and money order payments are still available and will not be affected by this change.
The county “will still accept pennies if a person uses them in a cash transaction. We just won’t be providing pennies while making change for cash transactions,” Boyett said.
Neighboring
“At the state capitol, SB 1005 has been introduced to round to the nickel on the tax collection side,” Dosti said. “In the meantime, the plan is to continue using the penny to provide accurate change.”
The proposed legislation will allow
While
In a public memo to all county departments dated
Cook said because of the “extremely limited” supply , the county can no longer reliably obtain pennies for departmental cash needs, which could have an impact on county operations including departments that handle cash transactions that accept payment requiring coin change.
Some of the recommendations by the tax-collectors office includes incorporating rounding practices where appropriate and legally permissible; evaluating pricing adjustment to reduce reliance on pennies, increase use of electronic payments where possible to minimize the need for coin change, notify the public of any changes to cash-handling procedures, etc.
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