DiNapoli: Local Sales Tax Collections Up 2.3% in October

Local sales tax collections in New York state increased by 2.3% in October compared to the same month in 2023, according to data released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.84 billion for the month, up $41 million year over year.

"October growth in statewide sales tax collections was led by New York City, buoying monthly performance after virtually flat statewide growth in September," DiNapoli said. "Recent volatility in sales tax collections warrants caution for local governments as they finalize their budgets for next year."

In October:

• New York City's collections totaled $842 million, an increase of 4.1%, or $33 million, compared to the same time last year.
• County and city collections in the rest of the state totaled $884 million, an increase of 0.4%.
• Over 63% (36 of 57) of counties experienced year-over-year increases.

These monthly sales tax collections are from the cash distributions made to counties and tax-imposing cities by the state Department of Taxation and Finance. The amounts are based on estimates of what each municipality is due. In the third month of each calendar-year quarter, these distributions are adjusted upward or downward, so that the quarter as a whole reflects reported sales by vendors. The next quarterly numbers (for October-December) will be available in January 2025.

Data
Monthly Local Sales Tax Collections by County and Region

Related Report
Third Quarter 2024 Local Sales Taxes