Sales tax revenue drops across Southern Tier, especially Broome County

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August 1, 2014

Sales tax revenues across the Southern Tier fell during the first half of 2014 compared to the first half of 2013.

Sales tax revenues dropped in Broome by 5.6 percent, down from almost $62 million at the end of June of last year to $58 million this year.

Statewide, revenues increased by 2.4 percent, which represents a reduction in growth. Some counties in the North Country saw dramatic increases in revenue but also raised their tax rate this year.

According to a report by the state comptroller, the first half of this year saw the weakest growth in sales tax revenue since the end of the recession.