New York State Comptroller Thomas DiNapoli says local sales tax collections throughout the state grew by 4% in August when compared to the same month last year. Overall local collections reached $1.78 billion, an increase of $67.9 million last year.
“Local sales tax collections in August continue a pattern of moderate increases in 2023,” DiNapoli said. “With overall growth having all but returned to pre-pandemic rates, local officials should budget accordingly and monitor cash flow for the foreseeable future.”
In Cortland County, sales tax collections increased by 2.2% when comparing August of this year to August of last year. This year’s monthly collection was $3.12 million dollars. Year to date for the county, revenues are up by 1.5% at $25.48 million dollars, last year the county collected $25.09 million dollars this time last year.
Out of the state’s 57 counties, 53 experienced some type of year-over-year increase.
