Local sales tax collections in New York state increased by 16.7% in May compared to the same month in 2021, according to an analysis released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.7 billion, up $242 million from May of last year.
“Sales tax collections for most local governments were quite strong in May, as consumers continued to face higher prices for goods and services in the state,” DiNapoli said. “My office is closely monitoring New York’s economy, including the impact of inflation on consumer behavior."
New York City’s collections totaled $720 million, an increase of 13.3% — or $84.6 million — when compared to May of 2021. Every county also experienced double-digit growth in collections, at least partially due to recent high inflation, including soaring gas prices. Yates County saw the largest increase at 34.8% in May. Among cities that impose their own general sales tax, the City of Oneida came in at the highest at 30.9%.
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 the quarter as a whole reflects reported sales by vendors. The next quarterly numbers (for April-June) will be available in July.
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