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News of Otsego County

Sales Tax

DiNapoli: Sales tax revenue had huge jump for second quarter of 2021

DiNapoli: Sales tax revenue had huge jump for second quarter of 2021

Sales tax revenue for local governments in New York state rose by 49.2% in the second quarter (April to June 2021) compared to the same period last year, a dramatic increase from last year’s weak collections during the first wave of the COVID-19 pandemic, according to State Comptroller Thomas P. DiNapoli.

Sales tax collections during this period grew by just over $1.6 billion and even surpassed collections reported during the second quarter of 2019, before the onset of the pandemic.

“The strength of these collections, along with federal aid, will give local governments statewide the chance to improve their fiscal stability, but it will take time to recover from the strain caused by the COVID-19 pandemic,” DiNapoli said in a media release. “While this is good news, local leaders are advised to budget carefully. If this pandemic has taught us anything, it’s to always plan for unpredictable circumstances.”

The size of the increase largely reflects extremely weak collections in the April to June period of 2020. However, even compared to pre-pandemic collections for the same period in 2019, statewide collections in 2021 were up 8.7% or $396 million.

County Sales-Tax Loss Largest Across NY State

County Sales-Tax Loss

Largest Across NY State

‘Baseball, College Students’ Among Culprits

COOPERSTOWN – Only two counties in New York State saw their sales tax drop in the most recent report – Hamilton in the Adirondacks and Otsego, county Treasurer Allen Ruffles reported to the county Board of Representatives this morning,.

“It was very disheartening,” said Ruffles.

May Sales-Tax Check Here: 26% Lower Than Last Year

RUFFLES REPORTS:

May Sales-Tax Check Here:

26% Lower Than Last Year

By JIM KEVLIN • Special to www.AllOTSEGO.com

Allen Ruffles

COOPERSTOWN – The May sales-tax check arrived at 197 Main St. today, and County Treasurer Allen Ruffles reports it is 26.9 percent lower than last year’s May check.

That is a reduction of slightly less than $600,000, he said, but higher than the 25 percent NYSAC estimated.

The sales-tax allocations are issued every other month, and Otsego County’s largest ones will be known in July and September, reflecting summer business –- or the lack of summer business.

Rate Of Bed-Tax Growth Up 2.5 Times In ’15 Over ’14

Rate Of Bed-Tax Growth

Up 2.5 Times In ’15 Over ’14

sales tax growth copy

Dan Crowell
Dan Crowell

COOPERSTOWN – County Treasurer Dan Crowell reported today that the rate in bed-tax growth in 2015 was almost 2½ times higher than the year before – 11.21 percent last year, compared to $4.74 the year before.

He cited increased number of visitors, new hotel construction (Courtyard by Marriott in Oneonta), increased weekly rentals and enhanced collection of sales-tax revenues as among the factors.

He didn’t specify it, but the 2015 Hall of Fame Induction of Craig Biggio, Randy Johnson, Pedro Martinez and John Smoltz draw the fourth-largest crowd.

The Village of Cooperstown is seeing the greatest dollar growth; the Village of Unadilla, the greatest percentage growth.  “Overall, growth is the strongest and most consistent among the more highly active municipalities,” he said.

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