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Local Sales Tax Collections Increased by 1.6 Percent in 2024

Sales tax collections for local governments and other local taxing entities in New York State totaled $23.4 billion in calendar year 2024, up 1.6 percent (or nearly $376 million) from the prior year. This increase not only marked the lowest year-over-year rate of growth in collections since the COVID-related decline in 2020, but it was less than half the average annual growth rate (3.8 percent) for the 2011 to 2019 period of recovery and expansion following the Great Recession.

EMC Survey Confirmation Message

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We hope you enjoyed the conference. We look forward to seeing you next year!

If you have any questions about the conference or program, please contact [email protected].

Post-Conference Connections Confirmation Message

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If eligible, a program partner with the New York State Common Retirement Fund will reach out to you within 90 days to schedule an appointment.

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EMC - Registration Is Closed Message

Registration Is Closed

 

We’ve reached venue capacity and will not be able to accept new registrations on the day of the event. If you missed the chance to attend this year, we look forward to seeing you next year at our 2027 conference!

Lingering Challenges in the Child Care Sector

New York’s child care sector continues to face lingering challenges post-pandemic including child care deserts, low wages for child care workers and high prices that are putting a financial strain on families statewide. Yet even with high prices, many providers operate on thin margins, with financial and regulatory pressures that make expansion or even operating at capacity challenging. Vigorous federal support and additional State efforts are necessary to improve the availability of child care.