New York State's sales tax collection sluggish, comptroller says
Fri, 15 Feb 2013 12:12:47 GMT —
New York state's comptroller says the growth in local sales tax collection has been sluggish.
State Comptroller Thomas DiNapoli says local sales tax collections in New York grew by $450 million in 2012, an increase of 3.3 percent compared to 2011.
DiNapoli says localities are still feeling the aftershocks of the recent recession and that the slow sales tax growth is adding pressure to already strained local budgets.
New York City had a slightly higher growth rate of 3.5 percent.