ALBANY, N.Y. — Local sales-tax collections in New York state jumped 11.9 percent in July compared to the same month in 2021. That’s according to an analysis that New York State Comptroller Thomas DiNapoli issued on Aug. 16. Overall, local sales-tax collections in the state totaled $1.8 billion, up $188 million compared to July of […]
ALBANY, N.Y. — Local sales-tax collections in New York state jumped 11.9 percent in July compared to the same month in 2021.
That’s according to an analysis that New York State Comptroller Thomas DiNapoli issued on Aug. 16. Overall, local sales-tax collections in the state totaled $1.8 billion, up $188 million compared to July of last year.
“Statewide local sales-tax collections growth continued to be strong in July, despite the participation of many counties in the gas-tax holiday,” DiNapoli said in a release. “However, it is important that local officials continue to monitor economic factors that impact overall sales-tax revenues.”
A majority of counties in the Empire State saw some year-over-year growth in July tax collections. Schuyler County posted the largest increase at 19.6 percent, followed by Cattaraugus County (13.3 percent) and Yates County (12.6 percent). In contrast, Monroe County had the steepest decline in sales-tax collections at -4.6 percent, DiNapoli’s office said.
New York City’s collections totaled
$776 million, an increase of 19.5 percent — or $127 million — over the July 2021 data.
Among the 16 counties in the CNYBJ coverage area, Tioga County posted the worst result with a 3.9 percent decline in sales-tax collections in July compared to a year ago. Meanwhile, Cortland County generated the best result in the region with an 8.5 percent year-over-year increase in collections, per the comptroller’s data.
Monthly sales-tax distributions made to counties and tax-imposing cities are based on estimates by the New York State Department of Taxation and Finance. In the third month of each calendar-year quarter, these distributions are adjusted upward or downward, so that the quarter as a whole reflects reported sales by vendors, DiNapoli’s office explained.
The next quarterly numbers (for July-September) will be available in October and will be the first to reflect the sales-tax impact of the gas-tax holiday on a county-by-county basis, the office noted.