Local sales tax collections in New York state increased by 14.1% in October compared to the same month in 2021, according to an analysis released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.75 billion, up $217 million compared to the same time last year.
“October’s sales tax collections saw the strongest monthly year-over-year growth since May, despite the participation of many counties in the gas tax holiday,” DiNapoli said. “However, as inflation continues to increase costs for many municipalities, it is important that local officials recognize that changing economic conditions may impede future collections.”
New York City’s collections totaled almost $789 million, an increase of 17.3% – or $116 million – over October of 2021. Nearly all counties saw some year-over-year growth in October collections, with Yates County experiencing the largest increase at 173%. However, this growth was mostly the result of a large technical adjustment made to the county’s collections. Allegany and Rockland counties saw the next largest growth at 29.8% and 21.2%, respectively. Chenango County had the steepest decline (-16.1%).
Monthly sales tax distributions made to counties and tax-imposing cities are based on estimates by the state Department of Taxation and Finance. In the third month of each calendar year quarter, these distributions are adjusted upward or downward, so that the quarter as a whole reflects reported sales by vendors. The next quarterly numbers (for October-December) will be available in January.
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