Bloomberg Tax
June 12, 2020, 6:33 PM

New York’s Local Sales Tax Revenue Plunges 32% in May

John Herzfeld
John Herzfeld
Staff Correspondent

Sales tax revenue for counties and cities in New York fell by 32.3% in May from the amount collected in the same month last year, State Comptroller Thomas P. DiNapoli said Friday.

The May total of $918 million was $437 million less than in 2019. It reflected a sharp decline statewide, with nearly every county seeing a large drop in overall collections, the Democratic comptroller said. In New York City, the decline was 31.9%, amounting to $196 million in lost revenues for a single month.

“We anticipated that sales tax revenues would continue to drop because ...

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