Capital Region

Across Capital Region, sales tax revenue remains sluggish

The Wilton Mall parking lot entrance off Route 50 in March.
The Wilton Mall parking lot entrance off Route 50 in March.

August 2020 tax collections are significantly lower than August 2019, though not by the drastic percentages seen in April, May and June, when many people were staying home and many retailers were closed down amid the COVID-19 pandemic.

Statewide, sales tax collections by cities and counties were down 7.8% year over year in August, compared with 8.2% in July, 25.4% in June, 32.3% in May and 24.4% in April.

Tax collections were down only 3.7% in March, thanks in part to residents rushing to buy extra supplies before the lockdown.

In the eight-county Capital Region, sales tax collections were down 8.1% from $64.4 million to $59.1 million in August.

Sales tax is split between the state and the county or city where the sale was made. It is a key revenue stream for counties and for the cities which impose a sales tax.

The following list shows revenue received by municipalities in the greater Capital Region in the first eight months of 2020, and the percentage change from the same period in 2019:

  • Albany County $163.8M -10.7%
  • Fulton County $13.8M -1.7%
  • Gloversville $2.4M -6.8%
  • Johnstown $2.6M -2.7%
  • Montgomery County $20.8M +0.9%
  • Rensselaer County $57.1M -6.0%
  • Saratoga County $78.2M -5.4%
  • Saratoga Springs $7.4M -14.3%
  • Schenectady County $61.2M -8.5%
  • Schoharie County $9.9M -2.2%

Categories: Business, News

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