Local sales tax collections in New York state increased by 9.2% in January compared to the same month in 2022, according to an analysis released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.89 billion, up $159 million compared to the same time last year.
“As we head into a new year, local sales tax growth remains quite strong,” DiNapoli said. “Consumer spending and a strong labor market have buoyed sales tax growth even as prices remain elevated. Local governments should budget cautiously as this growth may level off sooner than they expect.”
New York City’s collections totaled $844 million, an increase of 8.8%, or $68 million, over January of 2022. Every county experienced some year-over-year growth in January collections, with Delaware County seeing the largest increase at 26%, followed by Schenectady and Cayuga counties at 24.1% and 20.6%, respectively. Onondaga County had the lowest growth at 0.6%.
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 January to March) will be available in April. DiNapoli’s most recent annual report covered the October-December quarter and calendar year 2022.
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