Local sales tax collections in New York state increased by 2.5% year-over-year in October, according to a data report released by State Comptroller Thomas P. DiNapoli. Year-to-date, local collections totaled nearly $1.8 billion, up $43.5 million compared to the same time last year.
Last month, New York City’s collections totaled $809 million, an increase of 2.6%, or $20.7 million. Collections for the cities and counties in the rest of the state totaled $880 million, an increase of 2.2%. A majority of counties (45 out of 57) experienced year-over-year increases.
“Local sales tax collections in October experienced moderate growth,” DiNapoli said. “October’s increase marked the fourth straight month of overall growth between 2% and 4%. A return to relatively consistent year-over-year growth in sales tax collections, as was seen in the years before the pandemic, is a positive sign of stability and could help local officials better estimate this source of revenue.”
