Local government sales tax collections grew by 15.7% in April compared to the same month in 2021.Overall, local collections totaled $1.7 billion, up $232 million from April of last year.

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Local government sales tax collections grew by 21.1%, or $901 million, in the first quarter of 2022 compared to the same period last year. Collections for the three-month period totaled nearly $5.2 billion, with growth at least partially driven by inflation, which hit a 40-year-high in March.

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Accelerating consumer price increases beginning in the spring of 2021 have led to the highest inflation rate in 30 years in the New York City Metropolitan Area. Consumer spending habits have already shifted, and persistent inflation on essential household items, such as housing and food, will limit purchasing power and squeeze household budgets absent stronger wage growth.

Median earnings for full-time working women in New York were 86 cents for every dollar earned by men in 2019, an annual wage gap of $8,821, as reported by the U.S. Census Bureau. While New York women earn more dollars relative to men than in most other states, women's median earnings continue to lag across occupational groups and other categories.

The COVID-19 pandemic hit New York City particularly hard, causing massive job losses at major employers such as restaurants, hotels and retail stores. These dashboards follow a series of reports released over the past two years tracking economic data and the effect of the pandemic on these critical sectors and will help identify areas of weakness as well as positive developments.

The number of jobs influenced by the green economy in New York exceeded one million in 2019 and 2020. New York’s efforts to promote sustainability not only encourage the creation of new jobs related to clean energy and energy efficiency, but they can also affect employment more broadly, requiring new skills in existing occupations and increasing demand for others. The State must fund educational and workforce development programs to grow the green economy and help bolster New York’s pandemic recovery.

Local government sales tax collections totaling $19.6 billion increased by 19.1%, or $3.1 billion, in 2021 compared to last year. This was the highest annual increase on record after a historic low in 2020 when local sales tax collections declined by 10%. Annual growth in 2019 was 4.7%.

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When the COVID-19 pandemic began, many businesses in retail trade, restaurant, and arts, entertainment and recreation closed. This report examines the damage the pandemic has inflicted on those sectors, and considers the distribution of federal funds for businesses in the City, particularly for businesses in low- and moderate-income communities and in historically underutilized business zones.

Statewide local sales tax collections grew by 17.5% in November compared to the same month in 2020. Overall, local collections totaled almost $1.6 billion, up $235 million from November of last year. Collections for the month were also notably robust when compared to pre-pandemic levels, up 9.2% (or $133 million) from November of 2019.

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Flushing, and the surrounding neighborhoods that make up the greater Flushing area, enjoyed outsized employment and business growth from 2000 until Queens became the epicenter of the COVID-19 pandemic. Local challenges that existed before the pandemic, such as affordable housing and broadband access, have made recovery more difficult, but key positive indicators such as job recovery are reasons for optimism.

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