Local government sales tax collections declined by 7.1 percent in November compared to the same month last year, according to State Comptroller Thomas P. DiNapoli. November’s sales tax collections totaled $1.3 billion for local governments statewide, $102 million less than in November 2019.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits has been issued.
The report summarizes most recently completed data (fiscal year ending 2018) found in these annual reports. In addition to reviewing IDA data, the Office of the State Comptroller (OSC) provides training to IDA officials on various topics, including recent legislative reforms and how to improve their compliance with reporting requirements.
Sales tax revenue for local governments in the second quarter of 2020 totaled $3.3 billion, a decline of $1.2 billion compared to the same period last year.
Sales tax collections for local governments in July totaled $1.3 billion, or $116 million less than in July 2019.
Local government sales tax revenue declined by 7.8 percent, or $111 million, in August compared to the same month last year.
The impact of the COVID-19 pandemic on school district operations has been substantial, driving unprecedented changes to many core functions and processes, including the annual school budget vote.
Local government sales tax revenue declined by 5.2 percent, or $74.4 million, in October compared to the same month in 2019.
Sales tax revenue for local governments in May totaled $918 million, or $437 million less than 2019. The sharp decline in revenues was widespread around the state, ranging from a drop of 19.5 percent in Westchester County to a 41.5 percent decline in Tioga County.
Our State’s local governments are being tested on many fronts as a result of the COVID-19 Pandemic. This report will examine some of the major risks to these revenue sources, the dependence of local governments on each, and the effects of federal government actions to help keep local governments afloat thus far.
