Local sales tax collections in New York state increased by 3.8% in August compared to the same month in 2023, according to data released today by State Comptroller Thomas DiNapoli. Overall, local collections totaled $1.85 billion for the month, up $68 million year over year.
“Growth in local sales tax collections improved in August, year over year, after being flat in July,” DiNapoli said. “While this growth is certainly encouraging, local officials must keep in mind sales tax revenues can be volatile and budget cautiously.”
In August:
- New York City’s collections totaled $793 million, an increase of 4.4%, or $33 million, compared to the same time last year.
- County and city collections in the rest of the state totaled $945 million, an increase of 3.5%.
- Most (45 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.
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