Local sales tax collections in New York state rose by 3.9% in May compared to the same month last year, according to State Comptroller Thomas P. DiNapoli. The total collections reached $1.78 billion, an increase of $66.4 million from May 2023.
“Sales tax growth improved in May after several months of slow increases,” DiNapoli said. “New York City led the way, but most counties also saw gains.”
In May 2024, New York City’s collections were $783 million, up 5.3% or $39.5 million from last year. Collections from counties and cities outside New York City totaled $884 million, up 2.6%. Over 80% of counties experienced year-over-year increases.
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