New York’s local sales tax collections up 14.1% year-over-year in October

Local sales tax collections across New York state totaled $1.75 billion in October, according to an analysis released by State Comptroller Thomas P. DiNapoli. This represents a 14.1% year-over-year increase.

“October”™s sales tax collections saw the strongest monthly year-over-year growth since May, despite the participation of many counties in the gas tax holiday,” DiNapoli said. “However, as inflation continues to increase costs for many municipalities, it is important that local officials recognize that changing economic conditions may impede future collections.”

Yates County experienced the largest increase at 173%, although DiNapoli acknowledged this was due to a large technical adjustment made to the county”™s collections. Allegany and Rockland counties saw the next largest growth at 29.8% and 21.2%, respectively, while Chenango County had the steepest decline with -16.1%; Westchester recorded a 14.6% year-over-year increase.