Local Government

Performance of Industrial Development Agencies in New York State – 2025 Annual Report

This report summarizes project and financial data submitted by industrial development agencies for fiscal year 2023.

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Picture of the front of Kingston, NY City Hall

Economic and Fiscal Profile: City of Kingston, New York

The City of Kingston is a destination for culture, arts and history located along the Hudson River in eastern Ulster County in the Mid-Hudson Region. Kingston is doing well by many fiscal measures. However, housing affordability has been a pressure point for city leaders, who have used multiple strategies including zoning reform, rent stabilization and property tax exemptions to address this challenge. Recently, the city has experienced budgetary pressures, as it has ramped up its debt issuance to make long-term investments in infrastructure and institutions. Prudent management of Kingston’s budget, as well as a continued focus on long-term planning, should ensure sustainable economic growth continues well into the city’s future.

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Local Sales Tax Collections Up 3.2 Percent in the First Quarter of 2025

Sales tax collections for local governments and other local taxing entities in New York State totaled $5.8 billion in the first calendar quarter of 2025, up 3.2 percent ($180 million) from the prior year. This growth, while higher than that in January-March 2024 (1.6 percent), marked the second straight year that first quarter growth was below the 3.5 percent average growth rate for the 2010 to 2019 period of recovery and expansion following the Great Recession. All of the state’s 10 regions saw year-over-year growth in first quarter collections. New York City’s collections grew by 4 percent, while the counties and cities in the rest of the state, in aggregate, experienced 2.5 percent growth. | Regional Table [xlsx]

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Are Local Governments Approaching a Fiscal Cliff?

This report examines the ways that funding received by local governments – from federal stimulus programs – as well as volatile annual state and local revenue sources – can impact local budgeting. The temporary nature of the federal stimulus funds in combination with state aid that has not kept pace with inflation, sales tax growth that has returned to lower pre-pandemic levels, and flat property tax revenue growth can put local governments closer to the edge of the fiscal cliff if not carefully managed.

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New Official Quick Start Guide

The Comptroller's Division of Local Government and School Accountability provides essential support to these officials to keep operations and services running smoothly for New Yorkers. If you’re a new local government official, complete the five tasks in this guide to get started in your new role.

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