(WNY News Now) – Local sales tax collections in New York state experienced a 5.1% growth in November 2023 compared to the same period last year, reaching a total of $1.81 billion, according to data released by State Comptroller Thomas P. DiNapoli.
New York – State Comptroller Thomas P. DiNapoli announced that local sales tax collections in New York state saw a positive trend in November 2023, marking a 5.1% increase over the same month in 2022. The total collections for the month reached $1.81 billion, reflecting an $88.6 million uptick from the previous year.
DiNapoli commented on the findings, stating, “Local sales tax collections continued to grow in November. Consumers across the state increased their spending heading into the holiday season, with all regions seeing year-over-year increases for the month.”
Breaking down the figures by locality, New York City’s collections totaled $815 million, showing a robust 5.8% growth, equivalent to $45 million. In the rest of the state, county and city collections reached $887 million, indicating a 4.4% increase. Notably, 55 out of 57 counties experienced year-over-year increases.
These monthly sales tax collections are derived from cash distributions made to counties and tax-imposing cities by the state Department of Taxation and Finance. The figures are based on estimates of what each municipality is due, with quarterly adjustments to reflect reported sales by vendors. The next quarterly numbers for October to December will be available in January.
The breakdown of county-level data reveals varying growth rates. For instance, Western New York experienced a 3.4% increase in sales tax collections, while Erie County within the region saw a 3.0% growth. In Allegany County, collections grew by 6.4%, and Cattaraugus County experienced a 3.0% increase.
Chautauqua County exhibited a 5.2% growth, with Erie County posting a 3.0% increase. Niagara County marked a 5.1% growth in collections.
The positive overall growth in sales tax collections suggests a healthy economic activity and consumer confidence across the state. As the data indicates year-over-year increases in nearly all counties, it provides an optimistic outlook for the local economies heading into the end of the year.
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