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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.

GEORGE TRIPPTREE July 16, 2012 at 08:42 PM
No, the economy is not on the mend. I sell to retailers and our sales are off more than last year which as also a down year.
Eastend50 July 17, 2012 at 12:27 AM
No, no better. Summer rentals off, unless it's high end. I see no short term fix.....
Preliator July 17, 2012 at 10:47 AM
Yes, the private sector is just doing fine....
Jimbo July 17, 2012 at 12:36 PM
TAX, TAX, TAX! I'm so glad I buy my booze in NH and cigaretts in NC!!!!

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