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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.