Local sales tax collections are up again throughout the state, according to New York Comptroller Thomas DiNapoli. For the month of January, revenue was up 9.4% in January when compared to the same month last year, 2022.
“As we head into a new year, local sales tax growth remains quite strong,” NY Comptroller Thomas DiNapoli said. “Consumer spending and a strong labor market have buoyed sales tax growth even as prices remain elevated. Local governments should budget cautiously as this growth may level off sooner than they expect.”
For Cortland County, sales tax revenue was up by 4.4% from 2021 to 2022 to bring a total revenue for 2022 to $39.2 million dollars. In the state, 41 out of 57 counties had sales tax revenue increases between 4 and 10 percent.