NEW YORK – City Sales Tax Revenues Following State Trend

Sales tax revenue numbers are up throughout the state, but are lagging behind 2018 percentages.

Earlier this month, Thomas P. DiNapoli, state comptroller, released a report about how local sales tax growth has slowed during the first half of 2019 than in 2018.

“Rising sales tax collections are very important for New York’s local governments. But recently, these revenues have been growing more slowly,” DiNapoli said.

“These latest results should remind officials to closely watch future collections and plan accordingly.”

Collections during the first and second quarters grew by 3.4% and 3.2%, respectively, over the same periods in 2018.

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The post-journal
dennis phillips
september 2, 2019