Economy

Sales Tax Collections Continue to Rebound: Uneven Recovery Across New York, October 2010

Local sales tax collections, including New York City’s, increased by 10.5 percent during the first three quarters of 2010, compared to a 9.0 percent decline in the same period the year before. However, over a third of this growth is due to sales tax rate increases and the extension of the sales tax to additional items in New York City and Nassau County. Adjusting for these tax increases, the growth in sales tax collections to date in 2010 has been about 6 percent.

Annual Performance Report on New York State's Industrial Development Agencies - Fiscal Year Ending 2009, July 2011

Industrial Development Agencies (IDAs) are public benefit corporations created by an act of the State Legislature on behalf of one or more local governments. IDAs are intended to advance the job opportunities, health, general prosperity and economic welfare of the people of the State of New York, and to improve their recreation opportunities, prosperity and standard of living.

Sales Tax Collections Continue to Rebound; Growth Rate Slows, February 2012

Local sales tax collections grew by $650 million, or 5 percent, from 2010 to 2011, compared to a growth rate of 9.9 percent between 2009 and 2010. However, nearly a third of the 2010 growth was attributable to a sales tax rate increase in New York City. Without this, growth would have been about 7 percent.

 County-by-county report - pdf

School District Tax Levy Limits - Preliminary Findings Point to an Average of 3 Percent Allowable Levy Growth Statewide, April 2012

This report briefly describes that the average allowable levy growth is 3 percent, rather than the 2 percent voters may be expecting.
All tax cap elements, as reported by school districts to the Office of the State Comptroller, are provided in the accompanying tables. 

Annual Performance Report on New York State's Industrial Development Agencies - Fiscal Year Ending 2011, May 2013

IDAs can assist ailing municipalities by encouraging the creation of new businesses or the retention of existing businesses. However, it is vitally important that the granting of tax exemptions for a project will generate an economic benefit in the form of well-paying jobs and/or future new revenues for local governments. In short, incentives should be coupled with performance.