Local sales tax collections in New York state increased by 0.2% in July compared to July 2023, according to data released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.82 billion for the month, up $3.1 million from the same time last year.
“There was little growth in local sales tax collections in July compared to last year,” DiNapoli said. “As local officials start preparing their budgets for next year, they must set realistic expectations for sales tax collections.”
In July:
- New York City’s collections totaled $768 million, a decrease of 1.2%, or $9.1 million, compared to the same time last year.
- County and city collections in the rest of the state totaled $946 million, an increase of 1.2%.
- 40 of 57 counties experienced year-over-year increases.
These monthly sales tax collections are from the cash distributions made to counties and tax-imposing cities by the State Department of Taxation and Finance. The amounts are based on estimates of what each municipality is due. 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.
Data
Monthly Local Sales Tax Collections by County and Region
Related Report
Second Quarter 2024 Local Sales Taxes
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