Local sales tax collections once again increased across New York State, as November saw a 5% bump compared to the same time a year ago, according to data from New York State Comptroller Thomas DiNapoli. The increase amounted to $1.8 billion in total collections, an almost $90 million increase from 2022.
“Consumers across the state increased their spending heading into the holiday season, with all regions seeing year-over-year increases for the month,” DiNapoli said via a press release.
For the month of November, New York City collected $815 million in taxes, a 6% or $45 million jump from 2022, while the rest of the state collected $887 million, a 4.5% bump from the previous year.
In all 55 out of 57 counties experienced year-over-year increases, DiNapoli noted.
The monthly sales tax collections are from cash distributions made to counties and tax-imposing cities by the state Department of Taxation and Finance, and the amounts are based on estimates of what each municipality is due.