Sales Tax Revenue Drops 10% In NY, More Than 2009 Recession

ALBANY, N.Y. (AP) — New York State Comptroller Thomas DiNapoli says sales tax collections in the state dropped by 10% in 2020 compared to 2019.

That’s more than in the 2009 recession, when collections dropped 6%.

Sales tax revenue dropped most sharply in the second quarter as Gov. Andrew Cuomo closed non-essential businesses statewide.

Collections plummeted 27.1% from April to June compared to the previous year.

Drops in sales tax collection in New York City fueled much of the state’s losses.

The city saw a 35% drop from April to June, then a roughly 20% dip for the rest of the year.

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