(WNY News Now) – New York State’s local sales tax collections climbed 3% in November 2024, marking a $53 million increase compared to the same period last year, with New York City driving the growth.
New York – Local sales tax collections in New York state increased by 3% in November compared to the same month in 2023, according to data released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.86 billion for the month, up $53 million year over year, with New York City accounting for 61.5% of the increase.
“Local sales tax growth in November was a bit stronger compared to the 1.9% year-to-date increase,” DiNapoli said. “New York City’s collections continue to drive statewide growth, accounting for a majority of the overall increase. Still, monthly collections are subject to volatility, and local officials should take this into consideration when budgeting for future sales tax revenue.”
In November:
- New York City’s collections totaled $848 million, an increase of 4% compared to the same time last year.
- County and city collections in the rest of the state totaled $903 million, an increase of 1.8%.
- 61% (35 of 57) of counties experienced year-over-year increases.
Monthly sales tax collections are the cash distributions made to counties and sales tax-imposing cities by the state Department of Taxation and Finance. The amounts are based on estimates of what each municipality is due. In the third month of each calendar-year quarter, these distributions are adjusted upward or downward, so that the quarter as a whole reflects reported sales by vendors. The next quarterly numbers (for October-December) will be available in January 2025.
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