DiNapoli: Local Sales Tax Growth Slows
Local sales tax collections in 2014 suffered the slowest annual growth since the end of the 2008-09 recession, according to a report issued today by State Comptroller Thomas P. DiNapoli. Collections across the state grew by $439 million, or 3 percent, from 2013 to 2014. In 2013, the growth rate was 5.2 percent. New York’s 15-year annual average growth in sales taxes is 4.2 percent.
