New York state Comptroller Archives - The Gloversville Leader Herald

08 Aug

Sales tax collections up 3% statewide in second quarter

Ted Remsnyder0 CommentsBusiness, Email Newsletter, Fulton County, Local News, Montgomery Countyalbany county, Fulton County, gas prices, Montgomery County, montgomery county new york, New York state, New York state Comptroller, sales tax, Saratoga County, Schenectady County, tax collection, taxes, thomas p. dinapoli

SCHENECTADY — Local government sales tax collections rose 3% in the second quarter of 2023 over the same period last year, according to a report from state Comptroller Thomas P. DiNapoli. Schenectady County collections rose modestly in the second quarter compared to the same period in 2022, while Saratoga County and Fulton County experienced gains. Montgomery County recorded a small decrease. Schenectady County collected $33.03 million between April and June this year, compared to $32.92 million during the three-month period last year. “It’s steady,” Schenectady County Legislator Gary Hughes said. “Our formula is working. I think the combination of business development and consumers…

31 Jul

Amsterdam Recreation Department collections lack oversight, state audit says

Ashley Onyon0 CommentsLocal News, Montgomery Countyamsterdam, amsterdam new york, audit, Michael Cinquanti, Montgomery County, montgomery county new york, New York state, New York state Comptroller, new york state comptroller's office, oversight, recreation, recreation department, Thomas DiNapoli, thomas p. dinapoli

AMSTERDAM — A state audit of the Amsterdam Recreation Department found limited and inadequate collection records were maintained, creating a “substantial risk” that not all payments were turned in during the audit period from July 1, 2020 through Jan. 31, 2022.The departmental director, Rob Spagnola, is responsible for day-to-day operations and ensuring staff collect payments and remit them to the city Treasurer’s Office for processing, according to the recently released report from the state Comptroller’s Office.“The director did not develop any collection procedures or provide adequate oversight of collections for the department,” the report states. “The director kept poor collection…

18 Jul

Amid national economic anxiety, new report projects poor fiscal outlook for New York

Ashley Hupfl0 CommentsLocal Newsbudget, budget gap, Comptroller, economy, finances, New York state, new york state budget, New York state Comptroller, state budget, stock market, tax collection, tax revenue, taxes, Thomas DiNapoli, thomas p. dinapoli

During a time of economic anxiety, a new state report released on Tuesday projects a multi-billion state budget gap, largely due projected declines in revenue from a weaker economy, stock market volatility and increases in spending. DiNapoli’s report found this year’s state budget has a projected budget gap of $36.4 billion through fiscal year 2026-27. “The state’s fiscal outlook has changed considerably over the past year, and significant economic and fiscal risks could further upend the state’s finances,” DiNapoli, a Democrat said in a statement. “The Governor and the Legislature prudently increased New York’s reserve funds, but that cannot replace…

20 Jun

Montgomery County sales tax collections increase in May; Fulton declines

Ted Remsnyder0 CommentsFulton County, Gloversville, Johnstown, Local News, Montgomery CountyComptroller, DiNapoli, Fulton County, Gary Hughes, Legislature, Montgomery County, New York City, New York state, New York state Comptroller, report, Richard Ruzzo, Robert Purtell, sales tax, Saratoga County, Schenectady County, tax, tax collection, taxes, Thomas DiNapoli

CAPITAL REGION — Local sales tax collections varied throughout the region in May, with Montgomery County recording a 2.4% sales tax increase last month over a year earlier, while Schenectady County fell 6.2% over the same timespan. Saratoga County declined 4.1%. Statewide, there was a 1.1% increase, according to a report by State Comptroller Thomas DiNapoli. Schenectady County collected $10.01 million in sales tax revenue in May 2023, down from the $10.67 million the county collected in May 2022 and down from the $10.42 million the county collected in April 2023. “The reduction year-over-year is not too concerning,” Schenectady County Legislator Gary Hughes…

20 Jun

Sales tax revenue continues to soar for Capital Region counties

John Cropley0 CommentsLocal NewsCapital Region, Mohawk Valley, New York state Comptroller, sales tax

ALBANY — Sales tax revenue continues to surge, with May 2022 collections nearly 21% higher than May 2021 in the Capital Region.It’s the largest monthly increase yet this year, but the year-to-date increase for the first five months has been 16.0%, according to the office of State Comptroller Thomas DiNapoli.A significant portion of this increase is due to inflation, which is running at a four-decade high, raising the cost of goods on which sales taxes are levied. Fuel prices have been growing particularly rapidly, repeatedly setting new all-time highs.The trend boosts the coffers of state and local governments that impose…