Local sales tax collections in New York state increased by 12.6% statewide in August compared to the same month in 2021, according to a recent analysis released by Comptroller Thomas P. DiNapoli. Statewide local collections totaled $1.7 billion, up nearly $192 million from the same time last year.
“Overall local sales tax collections were strong in August, even with many counties participating in the gas tax holiday,” DiNapoli said. “With consumer spending softening in recent months, local governments should maintain vigilance when it comes to their finances."
New York City’s collections totaled almost $751 million, an increase of 20.6% – or $128 million – over August of 2021. Most counties saw at least some year-over-year growth in August collections, with Sullivan County experiencing the largest increase at 15.7%, followed by Orange (12.9%) and Rockland (12.3%). Conversely, Schuyler County saw the steepest decline (24.8%).
Monthly sales tax distributions made to counties and tax-imposing cities are based on estimates by the 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.
The next quarterly numbers (for July-September) will be available in October, and should reflect the sales tax impact of the gas tax holiday on a county-by-county basis.