New York- COVID-19 Leads to Sharp Drop in Sales Tax Revenue

Among the budget pressures facing local governments is a sharp drop in sales tax revenue related to the coronavirus pandemic. New York State Comptroller Thomas DiNapoli said that sales tax revenue for local governments fell by more than 32% in Continue reading New York- COVID-19 Leads to Sharp Drop in Sales Tax Revenue

New York- Lost Revenue and State Aid Cuts Coronavirus Economic Impact on Counties

The COVID-19 pandemic has impacted every aspect of our society, government and the economy like no other event in our lifetimes. In March, the New York State Association of Counties (NYSAC) completed an initial economic analysis of the coronavirus on Continue reading New York- Lost Revenue and State Aid Cuts Coronavirus Economic Impact on Counties

Oklahoma- OKC Expects Sharp Drop in Sales Tax Receipts APRIL 30, 2020

In the last report before the COVID-19 economic crash, the April sales and use tax summary shows combined General Fund collections in Oklahoma City were slightly above the monthly projection and increased compared to the same month last year. The Continue reading Oklahoma- OKC Expects Sharp Drop in Sales Tax Receipts APRIL 30, 2020

California- Sacramento State professor says 8.7% drop in retail sales ‘probably’ worst seen since Great Depression

At malls and shopping centers across Sacramento, store after store is closed and parking lots are empty. It’s a similar scene across the country and the globe as the COVID-19 pandemic forces many “non-essential” businesses to shut their doors. That’s Continue reading California- Sacramento State professor says 8.7% drop in retail sales ‘probably’ worst seen since Great Depression