sales tax collections

A dodgy year for sales tax collections

Sales tax collections are considered a go-to economic indicator, giving business and government leaders a quick look at local consumer spending and confidence. But the numbers don’t always tell the whole story. Take 2015, for example, during which statewide sales tax collections grew by $552 million, an increase of 3.6 percent. Pretty good, right? Actually no. $487 million of the increase occurred in New York City. Not counting NYC, the statewide increase was an anemic…