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State sales tax collections on rise

State sales tax collections on rise

State Comptroller Thomas DiNapoli says sales tax collections grew by 5 percent last year

State Comptroller Thomas DiNapoli says sales tax collections grew by 5 percent last year, raising that revenue in many parts of the state above pre-recession levels of 2008.

DiNapoli says today’s figures reflect continued slow recovery, which is even slower than in 2010.

For counties increasingly dependent on sales tax revenue, DiNapoli reports a 4.1-percent increase in revenue in 2011 over the year before. That’s up nearly $7 billion.

Counties have regained the lost money from a nearly 6 percent drop in 2009.

New York City’s revenue grew by 6.1 percent to nearly $6 billion last year. Adjusting for local economic factors, that’s lower than the 2010 growth rate of about 10 percent.

The strongest gains were in the Southern Tier, pushed by construction after last summer’s flooding.

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