Local Sales Tax Collections Increase by 2.2 Percent in the Second Quarter of 2024
Local government sales tax collections in New York State totaled $5.83 billion in the second calendar quarter of 2024, up 2.2 percent (or $127 million) compared to the same quarter last year. While year-over-year growth in the second quarter was slightly stronger than the 1.6 percent increase seen in the first quarter, it still lagged growth rates realized after the first quarter in 2021. However, it was not unusual to see collections increase around (or under) 2 percent, year over year, in the decade before the pandemic. New York City collections grew by 3.3 percent in the second quarter, while the counties and cities throughout the rest of the State, in aggregate, experienced 1.4 percent growth, year over year. | Regional Table [xlsx]