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Wednesday, May 13, 2020
Sales tax collections crash in Allegany County
Local sales tax collections dropped 24.4 percent in April
compared to April 2019, leaving many of New York’s local governments grappling
with shortfalls, according to State Comptroller Thomas P. DiNapoli. Sales tax
collections totaled $1.02 billion in April. Plummeting sales tax collections
were widespread, leaving counties, cities and some other local governments
short by about $327 million compared to last year. Although the first quarter
of 2020 was relatively strong, March sales tax collections had already begun to
show the impact of the COVID-19 shutdown–a decrease of 3.7 percent statewide
with the largest declines downstate. The April figures show shrinking revenues
for local governments throughout the state. Every county in every region of the
state saw a large drop in April collections. Allegany County collections
dropped 26% last month.