Statewide Local Sales Tax Collections for May Up Nearly 58 Percent From 2020

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Local sales tax collections in May increased by 57.8 percent, or $530 million, over the same month in 2020, the highest one month increase in recent history. The extraordinary growth in monthly local sales taxes was largely due to the fact that May 2020 collections were especially low, having declined by 32.3 percent during the worst part of the first wave of the pandemic. Nevertheless, collections last month were relatively strong even compared to pre-pandemic numbers, rising 6.9 percent, or $93 million, over May 2019. Every county outside of New York City saw year-over-year collections for May grow by double digits, while New York City’s collections increased by 51.4 percent or $216 million. | Regional Table [.xlsx]