Local sales tax collections in New York State increased by 0.3% in January compared to the same month in 2023. Overall, local collections totaled nearly $1.9 billion, up $4.8 million from the same time last year.

Regional Table [xlsx]

Local government sales tax collections in New York State totaled $23 billion in calendar year 2023, up 4.2 percent (or nearly $919 million) compared 2022. This past year’s growth lagged compared to both 2021 and 2022, when a combination of rising inflation and a surge in taxable sales statewide led to double-digit growth after significant COVID-related declines in 2020. Despite the slowdown, collections returned to growth rates more consistently seen before the pandemic.

This snapshot highlights the Fiscal Stress Monitoring System (FSMS) results for school districts that reported for school fiscal year (SY) 2022-23, which ended on June 30, 2023. Increases to federal pandemic relief aid and the State fully funding foundation aid kept many districts out of a stress designation. For SY 2022-23, sixteen school districts were designated as being in stress—the second-lowest number since the system was created. The report also includes a look at districts that have been chronically stressed over the eleven years since FSMS began.