New York State sales tax collections up 9.2% in January

Local sales tax collections across New York State during January were up 9.2% year-over-year, according to data from State Comptroller Thomas P. DiNapoli.

Overall, local collections totaled $1.89 billion, up $159 million compared to the same time last year. Delaware County recorded the largest year-over-year increase at 26% while Onondaga County had the lowest growth at 0.6%.

Within the Hudson Valley region, Westchester County took in the highest amount of sales tax collections at $79.2 million, an 11.6% year-over-year spike. Ulster County saw the greatest increase from one year earlier with a 13.1% bump-up while Rockland County had the lowest uptick at 4.8%.

“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.”

Photo: Luz Bratcher / Flickr Creative Commons