State sales tax revenue up nearly 13% last month from August 2021 – The Daily Gazette

Sales tax revenue in New York rose nearly 13% in August compared to last August, state Comptroller Thomas P. DiNapoli recently announced.

The 12.6% increase represents nearly $192 million more raised last August, for a total of $1.7 billion, DiNapoli reported.

“Overall, local sales tax collections were strong in August, even with many counties participating in the gas tax exemption,” DiNapoli said in a statement. “With consumer spending slowing down in recent months, local governments need to remain vigilant when it comes to their finances.”

New York City collections totaled nearly $751 million, an increase of 20.6% — or $128 million — from August 2021, according to the comptroller’s analysis. By county, Sullivan County saw the largest increase at 15.7%, followed by Orange (12.9%) and Rockland (12.3%). Meanwhile, Schuyler County saw the biggest drop at -24.8%.

The Capital District recorded a 2.7% increase in sales tax revenue in August over a year ago, from $71.2 million to $73.1 million, the county of Schenectady registering a gain of 6.8% and Saratoga County a gain of 5.6%. Albany County tax revenue in August actually fell 4%, year over year.

Year-to-date, sales tax revenue (January-August) in the Capital Region grew 8.5% year-over-year, from $577.3 million dollars to $626.4 million in 2022.

Mohawk Valley posted a 2.6% gain from $26.6 million to $27.3 million in August from a year ago, with Fulton County up 1.5% and Montgomery County increasing less than 1%.

Year-to-date, the Mohawk Valley rose 5.1% from $218.2 million to $229.2 million.

According to the comptroller, the monthly sales tax distributions paid to taxing counties and cities are based on estimates from the Department of Taxes and Finance. The next quarterly figures (for July-September) will be available in October and are expected to reflect the sales tax impact of the gas tax exemption on a county-by-county basis, the comptroller said.

Andrew Waite can be reached at [email protected] and at 518-417-9338. Follow him on Twitter @UpstateWaite.

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Sallie R. Loera