Capital Region

Sales tax revenue up significantly from 2020 in Capital Region, statewide

AP21235595159598.jpg
PHOTOGRAPHER:

ALBANY — Sales tax collections statewide were up strongly in November 2021 over the same month last year, the Office of the State Comptroller said this week.

Moreover, sales tax revenue has recovered from last year’s COVID-induced slump: For the first 11 months of 2021, collections are higher than the same period in 2019, when the economy was running at full strength.

“As has been the case the past several months, November’s sales tax collections were greatly improved over last year,” state Comptroller Thomas DiNapoli said in a news release. “Although the bulk of holiday spending is expected to be reflected in December collections, November collections may have benefited from earlier shopping this year.”

The data released for November are an estimate. The actual data for the 12 months of 2021 will be reconciled and released in January.

GAZETTE COVERAGE

Ensure access to everything we do, today and every day, check out our subscribe page at DailyGazette.com/Subscribe

Statewide, $17.48 billion in sales tax was collected in the first 11 months of 2021, vs. $14.75 billion in the same period of 2020 and $16.42 billion in 2019.

In the Capital Region, $815 million was collected in the first 11 months of 2021 vs. $678 million in 2020 and $712 million in 2019.

Here are the numbers for January through November for select jurisdictions in 2019, 2020 and 2021. All numbers are millions of dollars.

2019 2020 2021
ALBANY COUNTY $257 $235.5 $282.9
FULTON COUNTY $20 $20.5 $24.2
GLENS FALLS $3.1 $3.1 $3.6
GLOVERSVILLE $3.4 $3.4 $4
JOHNSTOWN $3.7 $3.6 $4.2
MONTGOMERY COUNTY $29.4 $30.6 $36.6
SARATOGA COUNTY $117 $113.2 $137.3
SARATOGA SPRINGS $12.2 $9.9 $13.1
SCHENECTADY COUNTY $94.9 $91.9 $108.7
SCHOHARIE COUNTY  $14.4 $14.8 $17.5
WARREN COUNTY $51.6 $49.2 $59.4
WASHINGTON COUNTY $19.6 $19.8 $23.9

Categories: Business, News

0 Comments

No Comment.