State Comptroller Thomas P. DiNapoli: Statewide Local Sales Tax Collections Declined 10 Percent in 2020

 

DiNapoli: Statewide Local Sales Tax Collections Declined 10 Percent in 2020

Local government sales tax collections declined by 10 percent overall in 2020, or $1.8 billion, compared to the previous year, according to a report issued by State Comptroller Thomas P. DiNapoli. This decline was steeper than the drop during the Great Recession, when local sales tax collections fell 6 percent statewide in 2009 compared to 2008.

Job Recovery and Unemployment Rates:
New York City and New York State

Unemployment rates for New York State, New York City and the balance of the State spiked upward in April 2020. At that point, and in the months immediately before, the percentages of officially unemployed workers in the City and in the rest of the State were nearly identical—but those numbers have since diverged sharply.



Source: NYS Department of Labor; OSC analysis

For more current highlights on the impact of the COVID-19 pandemic on the State’s finances and economy, visit our web page. This office is committed to keeping New Yorkers regularly updated on the State’s economy and finances.

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