Monday, March 1, 2010

Sales tax collections worst in recent history

By Tyler Briggs

As if there wasn’t enough proof of an aching economy, the Office of the State Comptroller recently issued a report on the sales tax collection for all counties in New York state in 2009, providing even more evidence that the economy is struggling.

The report released by State Comptroller Thomas P. DiNapoli compares 2009 to 2008 collections, and found a 5.9 decrease in collections statewide.

The news was even worse for Steuben County. According to the report, Steuben  generated $39,081,268 in sales tax revenue. This represents about a 6.2 percent decrease from the previous year, when the county generated $41,665,821. It also means sales tax revenue decreased slightly more than the statewide average, ranking 36th among the 57 counties in the report.

Sales tax collections worst in recent history

Apture