NYC Sales Tax Collections Slow Down as Broadway, Retail Struggle

New York City’s double-digit growth in sales tax collections is starting to abate, a sign of the city’s uneven economic recovery from the pandemic as restaurants bustle but seats remain unfilled on Broadway.

The city brought in $2.5 billion in sales tax receipts between April and June, up 3.7% from the same period last year, according to a report Wednesday from New York State Comptroller Thomas DiNapoli.

Before this most recent period, the city had recorded double-digit growth in sales tax collections for eight consecutive quarters since 2021, including 11.3% in the first three months of 2023. The double-digit ...