Local Sales Tax Collections Rise by 1.4% in Q3, Growth Slows Across NY
(WNY News Now) – Local sales tax collections showed a modest 1.4% increase in the third quarter, reflecting the slowest growth rate since the pandemic’s economic rebound, State Comptroller Thomas P. DiNapoli reported today.New York – Local government sales tax collections totaled $5.98 billion in the third calendar quarter (July-September) of 2024, an increase of 1.4%, or $82.7 million, compared to the same quarter last year, according to a report released today by State Comptroller Thomas P. DiNapoli. Eight of the ten regions in the state, including New York City, saw collections rise.“Local sales tax collections are growing more slowly than they were in the pre-pandemic period,” DiNapoli said. “Given this lower year-over-year growth, local officials should temper their expectations for f...