Counties in the News July 18, 2016
- By: NYSAC
- On: 07/18/2016 10:31:32
- In: Counties in the News
Monday's news from counties across the stateNYSAC
Sales Tax Collections Continuing to Show Uneven Recovery
Counties remain concerned about the economy of New York and the collection of local sales tax. There is a connection between economic activity and the revenues received by counties, which are in turn used to support state mandated and local programs, including the wide variety of quality of life services in our communities.
The 2nd quarter was another slow sales tax quarter for counties. 37 counties collected less in the 2nd quarter of 2016 than they did in the same quarter last year.
There continues volatility and unevenness across the state, with numbers coming in much lower than historic averages for most counties. Motor fuel sales tax collections are down about $56 million in the first six months compared to last year, but that does not explain all of the low numbers.
- Total county collections (not including NYC) were down $9.7 million, -.5%
- The average percent change per county was -.79%.
- The range was -9.72% to +7.5%
From January to June 2016 period, the numbers are slightly better, but 23 counties still collected less in sales tax in the first 6 months than they did last year
- Total County collections (not including NYC) are up $29 million, +.8%
- The average percent change per county was +.56%
- The range was -6.81 to +11.63%
Collections for New York City, which had been experiencing stronger growth, show slower growth. Sales tax revenues in NYC are up only 1.8% in the 2nd quarter and 2.4% for the first 6 months of the year.
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