Sales Tax Collections Growing, Comptroller Says

 Local government sales tax collections grew by 21.1%, or $901 million, in the first quarter of 2022 compared to the same period last year, State Comptroller Thomas P. DiNapoli said Friday. The report said collections totaled nearly $5.2 billion.

“Local sales tax collections continue to come in strong. While local governments are collecting more, they are also dealing with some of the same increased costs that consumers and private businesses are,” DiNapoli said. “With prices rising, we’re watching closely to see what impact the rate of inflation and economic volatility is having on New York’s economic recovery.”

He said that tax revenues had rebounded in  counties and cities around the State and far exceed
pre-pandemic levels.

salestax

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