Sales-tax revenue for local governments in New York climbed by $650 million in 2011 — a 5 percent jump statewide from 2010, but a smaller jump than from 2009 to 2010, according to a report today from Comptroller Thomas DiNapoli.
Outside of New York City, county sales-tax receipts jumped from $6.52 billion to $6.79 billion, a 4.1 percent increase. That’s 2.5 percent higher than in 2008, just before the recession hit, DiNapoli noted.
“The positive growth last year in sales tax collections are a good sign for the economy, but continued caution is warranted,” DiNapoli said in a statement. “New York’s economy has improved over the past two years, but growth has been sluggish and unevenly distributed throughout the state.
Gannett Albany Bureau Chief Joe Spector detailed the 2011 sales-tax receipts in a report last month.
Lowly populated Schuyler County led the state in sales-tax growth from 2010 to 2011, increasing by a whopping 19 percent, Spector found. The major reason? Super Ball IX, a three-day music and arts festival hosted by Phish, the Vermont-based jam band. The festival took place at Watkins Glen International, the famed motorsports track.
Here’s DiNapoli’s report: