The slow climb toward economic recovery
Every week there seems to be some story about how a local county or other municipality (or, well, the state itself) is scraping for cash. The chart above, from the state comptroller's office, might shed some light on why.
The chart tracks sales tax collections for counties outside NYC over the last five years. As you can see, revenues are headed back up again -- but they're still only at the March 2007 level.
The comptroller's office reports that county sales tax collections outside NYC grew 3.7 percent during the first half of 2010 (they were down 6.9 percent during the first half of 2009). But collections in the Capital District were "essentially flat." Saratoga County did well -- its collections were up more than five percent. Albany, Schenectady and Rensselaer counties were all flat or down a bit, though.
Earlier on AOA: Capital Region June unemployment rate better than last year
chart: NYS Comptroller's Office
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Comments
mmmmm data.
I wonder if all the talk of state layoffs has caused an increase in savings (and a decrease in spending) in the counties surrounding Albany?
... said Kim M. on Jul 20, 2010 at 5:55 PM | link