Throughout the state, sales tax revenue increased by 14.1% for the month of February, according to New York State Comptroller’s Office Thomas DiNapoli.
Total collections have totaled $1.64 billion dollars, an increase of $203 million compared to the same time last year.
“While local sales tax collections continue to experience major growth in 2023, future collections may not grow at such a fast pace,” Comptroller DiNapoli said. “With the nation and the state facing significant economic challenges, local governments should exercise caution and use responsible budgeting practices.”
For Cortland County, revenue increased by 12% year to date. Collections in the month of February for Cortland County were $2.8 million dollars, up $300k from last February. Total year to date revenue for the county is now at $6.1 million dollars.
Neighboring Onondaga County had the lowest growth in the state, 8.9%. While Albany County showed the highest at 48.8%.