Local News on WXHC.com is brought to you by:
Local government sales tax collections grew by 21.1%, or $901 million, in the first quarter of 2022 compared to the same period last year, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
For Cortland County Sales taxes increased by 12.4% to 9.1 million dollars compared to 8.1 millions this time last year.
“Local sales tax collections continue to come in strong. While local governments are collecting more, they are also dealing with some of the same increased costs that consumers and private businesses are,” DiNapoli said. “With prices rising, we’re watching closely to see what impact the rate of inflation and economic volatility is having on New York’s economic recovery.”
