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Suffolk Sales Tax Growth Mirrors 'Volatile' Economy

Sales tax collection increased higher than the rest of New York State, according to a Reuters article, though below last year.

While Suffolk County beat the state average in year-over-year second quarter sales tax gains, the county still finds itself behind last year's pace.

According to a Reuters report, Suffolk's 3.54 percent increase over 2011's second quarter is well over the state average of 2.79 percent. Though the pace of growth falls behind the county's previous two years of 4.95 and 4.92 percent growth.

"Sales taxes have tracked the economy, which has been volatile," Howard Cure, director of municipal research for Evercore Wealth Management, LLC, told Reuters.

Do you think the economy is on the mend? Have you been spending more this year?

Click here to read the entire article on Reuters.

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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
Nancy Bachthaler May 20, 2013 at 11:05 am
Apparently you are not the only one this is happening to. From what I understand if these signs areRead More on a main drag somehow they are disappearing in the middle of the night. Hmmm, now I wonder who or what organization could be doing this illegal act? I'm not going to make an educated guess who could be involverd in this deed but I think if Kings Parkers do some research they are smart enough to figure out who does not want the real facts of the "Uplands Project" to come to light. Displaying these signs is a way of making the public aware of the atrocity of this project. Questions will then be asked. Making a night run to remove them is, at the least, a cowardly act that should be publicized every time it occurs!
Stevo May 21, 2013 at 04:34 pm
That's funny, I spend a small fortune for school supplies for my kids. I am also asked to buy extraRead More for the kids who don't have., which I gladly do. The "society letting kids down" comment is a little over the top!!